Binance To Acquire FTX Live Updates: Sam Bankman-Fried Reveals Liquidity Crunch; Crypto Market Crashed

Binance To Acquire Live Updates: The crypto market crashed after crypto exchange FTX reached to Binance for help regarding the liquidity crunch it was facing. Binance CEO Changpeng “CZ” Zhao confirmed signing a non-binding LOI with FTX CEO Sam Bankman-Fried intending to fully acquire

Crypto markets fell amid the market-wide selloff. Bitcoin fell 7% and Ethereum plunges over 11% in the last 24 hours.

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Crypto Markets Tumbles Amid Binance’s FTX Acquisition

Crypto markets saw market wide selloff following the news of liquidity crunch at FTX. Binance signed a non-binding LOI to acquire FTX. Bitcoin fell by 12% and Ethereum by a whopping 17% in the past 24 hours.

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Sam Bankman Fried Confirms FTX Buyout Deal

After Binance CEO Changpeng Zhao confirmed that his company is planning to buy rival crypto exchange, FTX CEO Sam Bankman-Fried, confirmed that the deal and asking Binance for help with liquidity crunch.

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Binance To Acquire FTX

Binance announced that it would acquire rival crypto platform FTX after Sam Bankman-Fried reached out to Binance CEO “CZ” for helping with liquidity crunch.

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