Binance Intends to Fully Acquire FTX and Has Signed Non-Binding LOI, Says CZ

Binance CEO CZ said, "This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch. We will be conducting a full DD in the coming days."

Source

Binance

FTX

CZ

Event

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