Binance’s role in FTX collapse unclear to UK lawmakers: Bloomb | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Binance’s role in FTX collapse unclear to UK lawmakers: Bloomberg
Binance sent answers to questions from the UK’s parliamentary committee investigating the downfall of FTX following a hearing on Monday, including on its role in the collapse of FTX. FTX was a major competitor of Binance's prior to its failure and subsequent bankruptcy. UK lawmakers are not convinced by the evidence Binance provided to understand its role in the collapse of FTX, according to a member of Parliament. In response to the question of what role it played in FTX's collapse, Binance shared a series of news articles since the catalytic leak incriminating FTX for mishandling its funds on Nov. 2. The Treasury Committee reportedly expected to review Binance's internal records.
