Binance in Talks with Regulators About Company’s Role FTX’s Collapse

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Regulators from all over the world are trying to find out whether crypto exchange Binance played a role in the collapse of crypto derivatives platform FTX.

The specialists of the exchange have earlier responded to the relevant questions of members of the UK House of Commons. Parliamentarians have expressed disappointment with the lack of specificity in the responses they received.

According to Bloomberg, the Treasury Committee expected to receive Binance’s internal records regarding the reasons behind the decision to sell FTT, the utility token of the FTX exchange, on November 6.

On November 8, Sam Bankman-Fried and Changpeng Zhao announced a strategic partnership. On November 10, Binance abandoned its takeover of FTX.