🚨 Breaking News! 🚨 Binance intends to acquire FTX
for Binance’s help during a “significant liquidity crunch.”There is a lot to cover and will take some time. This is a highly dynamic situation, and we are assessing the situation in real time. Binance has the discretion to pull out from the deal at any time. We expect FTT to be highly volatile in the coming days as things develop.
According to a report by Reuters, the staff at FTX received a letter from Sam on Tuesday morning noting that the exchange saw around $6 billion in withdrawals in the last 72 hours. Sam's tweet thread also noted that FTX.us and Binance.us are separate entities that will not be affected by either the liquidity issues or an acquisition.after a Coindesk report alleged that Alameda Research, FTX’s sister company, had a balance sheet mainly consisting of FTX native token FTT.
In response, Alameda Research CEO Caroline Ellison had tweeted an offer to buy all of Binance FTT, and noted that the Coindesk story concerning Alameda's balance sheet information did not take into account over an additional $10 billion in assets.
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