RE: Binance wins the crypto war, buys FTX
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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.
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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.