Binance backs out from ftx bailout

On Wednesday 9th, 2022, the biggest crypto exchange Binance said it would not pursue the deal of FTX acquisition. Numerous reports related to FTX’s issue had swayed its decision and the company had been struggling with massive withdrawals that caused a “liquidity crunch”.According to Binance’s statement posted on its Twitter account saying that “the issues are beyond our control or ability to help,”, additionally, the statement is in reference to Bloomberg’s report saying that many parties involved in FTX and Alameda issues for mishandling customer funds.Read more: https://www.bbc.com/news/business-63577783#KOMNews #kommunitas #cryptonews #cryptoupdate #cryptocurrency #blockchaintechnology #binance #bnb #ftx #ftt #alameda #acquisition #liquidity #crunch #bloomberg #bailout