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Crypto giant Binance to buy rival FTX as Bankman-Fried faces liquidity crunch

Por: Los Angeles Times Business November 08, 2022

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A 48-hour crypto drama ended in shock Tuesday as Binance Holdings agreed to acquire its most formidable rival, FTX.com, after helping whip up an investor exodus from billionaire Sam Bankman-Fried’s three-year-old exchange. The sharp turn of events will reshape the more than $1-trillion industry amid a possibly prolonged market downturn. The two founders made the announcement on Twitter concurrently. “To protect users, we signed a non-binding... + full article



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