Binance, the world’s largest crypto exchange, is reportedly unlikely to follow through with its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. 

After about half of a day of reviewing FTX’s internal data and loan commitments n Binance is leaning towards abandoning the deal, according to CoinDesk. Executives at Binance have found a gap, likely in billions and possibly more than $6 billion, between the liabilities and assets of FTX, Bloomberg reported, citing an anonymous source familiar with the matter. 

“We’re just 36 hours into the due diligence process,” a Binance spokesperson wrote to MarketWatch via email. “Once we have completed that, we will make a decision based on what’s in the best interest of Binance’s users across the globe.”