The US Department of Justice, along with other authorities, are pressing Binance for details on its recent discussions with beleaguered crypto exchange peer FTX, Coindesk reported, citing a source privy to the matter.

Binance has also been contacted by European regulators, who requested similar information on FTX. A spokesperson for Binance declined to comment when contacted by Coindesk.

The development comes after Binance called off a deal to acquire FTX following due diligence and the “latest news reports regarding mishandled customer funds and alleged US agency investigations.”

Before the deal fell through, Changpeng Zhao, founder and CEO of Binance, said Binance had signed a non-binding letter of intent to buy out FTX in the aftermath of the FTT-Alameda Research fiasco.

It was recently reported that Alameda Research had US$14.6 billion tied up in FTT, a token from FTX.

After news broke out that Alameda Research’s assets were in FTT and not other crypto tokens or fiat currency, FTT prices dropped from US$19.24 to as low as US$2.20 yesterday. It is currently trading around US$3.20.

See Also: Hodlnaut assets hit by FTX debacle