Binance Announces Intent to Buy FTX After Causing Solvency Issues

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 and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

— CZ 🔶 Binance (@cz_binance) November 8, 2022

1) Hey all: I have a few announcements to make.

Things have come full circle, and’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for (pending DD etc.).

— SBF (@SBF_FTX) November 8, 2022

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