Benzinga -
- The price of Bitcoin, along with other digital coins, fell after the world's biggest cryptocurrency exchange, Binance, pulled out of a deal to buy FTX (CRYPTO: FTT/USD), citing due diligence concerns.
- It has left some FTX customers unable to withdraw from the exchange, which is used to buy and sell various digital tokens.
- There are also fears of further crypto market volatility if FTX goes bust.
- Troubled crypto exchange FTX's financial health concerns reportedly triggered $6 billion (£5.2 billion) of withdrawals in three days.
- Related: FTX Stares At More Trouble As Justice Department Reportedly Joins SEC Probe Into Liquidity Crisis.
- "I thought FTX was safe," one customer told the BBC.
- Binance said reports of "mishandled customer funds and alleged US agency investigations" had swayed its decision not to buy FTX.
- Binance said in a statement on Twitter that the issues facing FTX were "beyond our control or ability to help."
- FTX suspended the onboarding of new clients and withdrawals until further notice.
- But according to on-chain data provided by Nansen, FTX has reopened withdrawals.
- Several users have been able to withdraw funds, including one worth $2.6 million and another worth $1.3 million.
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