Binance triggers liquidity crisis and then acquires the FTX crypto tour from Bankman-Fried

Binance triggers liquidity crisis and then acquires the FTX crypto tour from Bankman-Fried

The Twitter account by Sam Bankman-Fried posted a thread that claims that Binance bought the stock exchange that he had built into a global crypto titan.

The native token of Sam Bankman-Frieds Kryptocurrency Exchange FTT increases sharply after the allegedly upcoming Bony Buyout is disclosed and has recovered from a low from $ 14.57 at the time of writing-a recovery of 36 %.

Binance founder Changpeng Zhao also tweeted over the deal and noticed: "FTX asked for our help this afternoon. There is a significant liquidity crisis. To protect the users, we have signed a non-binding LOI that intends to acquire ftx.com and help to cover the liquidity crisis.

Bitcoin and ether both have been recovering quickly for a steep decline on Saturday evening - when Zhao explained that Binance would soon throw hundreds of dollars in FTX's native token FTT in response to rumors about the bankruptcy of Alameda Research.

This is a developing story and is updated.

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The contribution Binance triggers liquidity crisis and then acquires Bankman-Frieds FTX Crypto Exchange is not a financial advice.