Financial Services Financial Services

Crypto exchange Binance didn’t bring down rival FTX, it tells UK lawmakers

By Phoebe Seers
  • 16 Nov 2022 16:25
  • 16 Nov 2022 16:25
Binance, the world’s largest crypto exchange, has written to lawmakers in the UK to assure them it was not responsible for the downfall of its rival FTX. 

Financial irregularities and possible fraud at FTX were behind its collapse, Binance said, and a tweet from Binance’s chief executive about offloading his compan

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Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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