Saturday, December 3, 2022

Binance offers to buy FTX’s non-U.S. operations to fix ‘liquidity crunch’

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  • 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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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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