The Latest Breaking News from Binance

Major coins plunged sharply on Wednesday evening amid a wider rout as the cryptocurrency market capitalization dropped 11.3% to $812.9 billion at 8:30 p.m. EST.

U.S. regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire.

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials.

Binance CEO Changpeng Zhao on Wednesday asserted he did not “master plan” the deal with FTX and the failure of Sam Bankman-Fried's cryptocurrency exchange was in no way a win for the world’s

FTX co-founder Sam Bankman-Fried was riding high for several years with his company rapidly growing market share in the cryptocurrency space. The increase in valuation for FTX helped Bankman-Fried’s wealth increase and also led to partnerships and deals with sports teams and athletes around the world.

Binance made a nonbinding offer to buy FTX on Tuesday. The deal was already looking shaky on Wednesday.

Solana's SOL and other cryptocurrencies dubbed "Sam's Coins" are tanking amid the uncertainty surrounding the potential deal between Binance and FTX.

At least nine cryptocurrency exchanges have come forward to provide proof of fund reserves as the market comes to terms with insolvency fears on the heels of FTX’s native token (CRYPTO: FTT)

Folks are starting to wonder if, after the dust settles, there will be an FTX.com left for Binance to buy.