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Crypto exchange Binance to buy rival FTX in apparent bailout

Por: ABC News Business November 08, 2022

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NEW YORK -- The cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in what appears to be a bailout of FTX. The owners of the two exchanges — Samuel Bankman-Fried of FTX and Changpeng Zhao of Binance — announced the deal on Twitter, but did not disclose any details. The deal was pending due diligence, Zhao said on Twitter.“This afternoon, FTX asked for our help. There is a significant liquidity crunch,” Zhao said... + full article



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