Binance confirmed discussions with regulators on its role in FTX collapse

Regulators in many countries have sent inquiries to Binance about its involvement in the FTX collapse. A spokesperson for the cryptocurrency exchange confirmed this to The Block.

An employee of the company refused to provide details, citing the confidentiality of the dialogue with the supervisory authorities.

Earlier, exchange specialists responded to relevant questions from members of the U.K. House of Commons. Parliamentarians expressed disappointment with the lack of specificity in the responses they received.

According to Bloomberg, https://gagarin.news/ the Treasury Committee had expected to obtain internal Binance records regarding the reasons behind the November 6 decision to sell FTT, the utility-token exchange FTX.

November 8 Sam Bankman-Fried and Changpeng Zhao announced a strategic partnership. November 10 Binance rejects takeover of FTX. Representatives of the latter said they would not be able to solve the platform’s problems.

FTX, Alameda Research and about 130 other affiliated firms filed for bankruptcy on Nov. 11.

Regulators’ appeals to Zhao Exchange are in addition to ongoing investigations by the U.S. Justice Department, CFTC and SEC into Bankman-Freed-affiliated entities .

Recall that Binance’s role in the competitor’s sudden collapse has also come under scrutiny from the U.S. Congress. Hearings on the topic will be held in December.

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