Binance To Buy Ftx In Merger Of Major Cryptocurrency Exchanges Cryptocurrencies
“This afternoon, FTX asked for our help,” Zhao tweeted. “There is a significant liquidity crisis. To protect users, we have signed a non-binding [letter of intent]intending to fully acquire FTX.com.” The news was confirmed by tweet from Bankman-Fried. He said: “Things have come full circle and the first and last investors of FTX.com are the same: we have reached an agreement on a strategic transaction with Binance for FTX.com (pending DD etc....