First of I like the first picture on this article of yours , I find it hilarious and sarcastic at the same time . Binance backing out of FTX rescue, is an ultimate blow to the crypto exchange as it seems to be on nothing but on the obvious brink of collapse. Zhao initially agreed to step in, but his company quickly changed course, citing reports of mishandled customer funds and alleged U.S. agency investigations which conspicuously speaks volume of how screwed ftx unfortunately is right now .