Crypto giant Binance drops bid to save rival, stoking chaos in digital assets

A day after announcing a plan to buy its embattled rival, cryptocurrency exchange Binance pulled out of the deal, saying FTX’s problems were “beyond our control or ability to help.”

​A day after announcing a plan to buy its embattled rival, cryptocurrency exchange Binance pulled out of the deal, saying FTX’s problems were “beyond our control or ability to help.”