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Binance pulls out of FTX rescue after negative reports

Crypto exchange Binance has pulled out of its acquisition of Sam Bankman-Fried’s FTX exchange just a day after making an offer, pointing to reports that the SEC is investigating the Bahama’s-based exchange’s books and its own due diligence findings.

On Tuesday, Binance announced it had signed a non-binding agreement to buy FTX’s non-US business following a sharp “liquidity crunch” that had left FTX struggling to repay billions in investor deposits.

But reports that the US Securities and Exchange Commission has been investigating the link between Mr Bankman-Fried’s quant trading business Alameda Research and his global exchange FTX partly stymied the deal.

Read more here:,its%20own%20due%20diligence%20findings.

About RoboFi

RoboFi ( is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

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