On Wednesday, November 9, 2022, the cryptocurrency platform Binance highlighted questions about the survival of FTX and decided to stop coming to the rescue. He has therefore planned new transfers into the world of virtual devices.

Binance announced on Tuesday, November 8 that it was considering buying FTX.com. But, in a tweet posted the next day, he said that after conducting an audit of the operations, “we have decided not to proceed with the FTX.com acquisition transaction.”

In reality, press reports have circulated about poor management of client funds by FTX and about investigations initiated by US authorities based on arguments presented by Binance. According to him, “at first, Binance hoped to help FTX customers provide liquidity, but the issues are beyond its control or are testing its ability to help.”

For him, there is now uncertainty about the future of FTX.com, and of its founder Sam Bankman-Fried.