UK Treasury Committee to probe Binance’s role in FTX collapse

According to the report, the U.K. Parliament’s Treasury Committee questioned why Binance revealed it was selling $500 million worth of FTT tokens on Nov. 6, and whether the exchange knew it could trigger FTX’s collapse during a cryptoasset inquiry. Lawmakers in the U.K. have asked Binance to submit internal discussions and documents. Binance vice president of government affairs in Europe Daniel Trinder appeared before the Committee as a witness and said that Binance had no intention to trigger a collapse and made those decisions to protects its users. He added that the exchange will submit the requested documents as evidence on Nov. 15. Trinder said the exchange may choose to redact certain information from the requested documents.