RE: Binance wins the crypto war, buys FTX
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FTX is crashing like crazy. I heard down the grapevine Binance might be backing out of buying FTX. I am not 100% sure but that is what people are saying. I might be wrong so don't quote me on that one. 
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I think the only way they back out are if they find something very bad in the books of FTX. But they pretty much need to make that publicly known, or they will have a ton of egg on their face.
It is official, Binance pulled the plug on the deal =)
That is crazy! This is the reason they are pulling out I guess.
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged U.S. agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com," the spokesperson told CoinDesk.
I see only two reasons, either they fear getting roped into any legal issues / want to be on the good side of the lawmakers. Or they found some more sceletons while doing the due diligence.
That is exactly what I was thinking.