Crypto Giant Binance To Acquire Rival Ftx After Liquidity Crunch Techcrunch
The deal follows Binance founder Changpeng Zhao and FTX founder Sam Bankman-Fried’s months-long social media feud that escalated earlier this week. Zhao (pictured above) said Binance made the decision after the three-year-old FTX exchange sought help from the crypto behemoth. “To protect users, we have signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crisis. We will conduct a full DD in the coming days,” he said in a tweet....