Binance Denies UK Lawmaker's Allegation It Deliberately Tripped up FTX

Binance sent a document to the UK Parliamentary Treasury Committee denying allegations that it deliberately sought to sink FTX and outlining the sequence of events that led to the FTX crash.

In addition, Binance said it concluded the reason for FTX's collapse was that financial statements disclosed by the media showed the exchange’s financial irregularities and possible fraud, and these irregularities may have predated the report.