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Binance claims it can do nothing to help and cancels the acquisition of its competitor FTX.

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  • The largest cryptocurrency exchange in the world, Binance, said a day earlier that it would not proceed with its intention to buy smaller rival FTX.
  • The challenges are beyond our control or capacity to assist, Binance stated in a statement. “
  • In the beginning, our objective was to be able to support FTX’s customers to provide liquidity.”

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