- Binance has reached a deal with Sam Bankman-Fried’s FTX to buy the crypto exchange.
- Binance CEO Changpeng Zhao tweeted Tuesday morning that “there is a significant liquidity crunch” at FTX and that after FTX asked for Binance’s help, they “signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch.”
This is breaking news. More to follow.
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