CZ Binance claims that FTX is facing some liquidity issue and asked them for help which includes an acquisition and cover FTX's liquidity crunch and will be conducting a full due diligence check on them before proceeding and they signed a Non-Binding LOI to protect their money.
We shall wait and see if FTX is willing to accept binance's terms.
This is a border line good news, if FTX is really bankrupt the whole crypto market will see a huge red candle.
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CZ Binance might be acquiring FTXcom
https://twitter.com/cz_binance/status/1590013613586411520
- cz_binance
https://twitter.com/SBF_FTX/status/1590012124864348160
- SBF_FTX
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