Crypto giant Binance drops bid to save rival, stoking chaos in digital assets

In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX, saying the company's problems were "beyond our control or ability to help."

source https://www.cnn.com/2022/11/09/business/bitcoin-crypto-prices-fall-ftx-binance-ctrp/index.html