Binance acquires FTX
CZ: "To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch."
https://twitter.com/cz_binance/status/1590013613586411520
"Binance has the discretion to pull out from the deal at any time," he added.
Sam: "We have come to an agreement on a strategic transaction with Binance for FTX.com."
https://twitter.com/SBF_FTX/status/1590012126701441025
"Note that FTX.us and Binance.us–two separate companies–are not currently impacted by this. FTX.us’s withdrawals are and have been live, is fully backed 1:1, and operating normally," continued FTX founder.
After the news, BNB increased by ~10%. FTT price dropped to $12.
