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Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours

Binance explained that initially, it wanted to support the ailing crypto exchange by providing its customers with liquidity; however, issues were “beyond our control or ability to help.” The firm also said, “Every time a major player in an industry fails, retail consumers will suffer,” while adding that the ecosystem will eventually become more resilient with the weeding out of bad players.

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Source: Cryptocurrency - investing.com

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