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Binance quickly backs out of FTX deal

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One day after it was announced, Binance backed out of plans to acquire FTX.

"In the beginning, our hope was to be able to support FTX's customers to provide liquidity," Binance officials said. "But the issues are beyond our control or ability to help."

Binance officials also cited "mishandled customer funds and alleged U.S. agency investigations."

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