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Binance CEO Changpeng Zhao says the company signed a non-binding LOI to fully acquire FTX.com and help cover its liquidity crunch, pending due diligence (@cz_binance)

Photo of Grace Will Grace Will November 8, 2022
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@cz_binance:

Binance CEO Changpeng Zhao says the company signed a non-binding LOI to fully acquire FTX.com and help cover its liquidity crunch, pending due diligence  —  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 https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.



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