Binance plans to buy FTX in apparent crypto bailout
https://apnews.com/eca5ca1c772333f2cde093c98cd26bed
NEW YORK (AP) — 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.
Binance plans to buy FTX in apparent crypto bailout
Nov 8, 2022, 5:41pm UTC
https://apnews.com/eca5ca1c772333f2cde093c98cd26bed
> NEW YORK (AP) — 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.