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the cryptocurrency world experienced An Almighty sell-off over the past 24 hours due to the breakdown of a potential way to save the floundering FTX crypto exchange once the second biggest in the world the crash saw the price of Bitcoin dumping 14 falling well below 16 000 US dollars at one point with other s seeing equally if not worse declines as well the sell-off intensified as binance the worldamp;#39;s biggest crypto exchange announced it wasnamp;#39;t going to rescue FTX after it suffered a liquidity Crunch and couldnamp;#39;t honor users withdrawals binance reportedly backed out of its non-binding letter of intent with FTX citing concerns about the firmamp;#39;s business practices and investigations by U.S financial regulators