Binance officially stated that based on the results of the company's due diligence, as well as the latest news reports about improper handling of customer funds and the so-called US agency investigation, it decided not to pursue a potential acquisition of FTX.com. At the beginning, Binance hoped to support FTX's customers and provide liquidity, but these issues were beyond Binance's control or ability to help. Every time a major player in an industry goes bankrupt, retail investors suffer losses. Over the past few years, Binance has seen that the crypto ecosystem is becoming more resilient, and Binance believes that abnormal actions that abuse user funds will sooner or later be eliminated by the free market. As the regulatory framework develops and the industry continues to move towards greater decentralization, the ecosystem will become stronger.