Yes you read it right Binance is fully acquiring FTX
Massive and the most surprising news of crypto history.
CZ: 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.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
SBF: "We Have Come to an Agreement on a Strategic Transaction With Binance for FTX Com"
After the news market immediately went up. BTC up %4 FTT up %40 BNB up %15
Insane day
Source: https://twitter.com/SBF_FTX/status/1590012124864348160?t=kG6-FIG7v6lx8aCaM4BDiQ&s=19
https://twitter.com/cz_binance/status/1590013613586411520?t=ObCSpR6pcw8PGiShAeE1Mw&s=19
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