Binance plans to buy FTX in apparent crypto bailout

Binance plans to buy FTX in apparent crypto bailout

a year ago
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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.