Binance Decides to Not Pursue Acquisition of FTX
Posted on 11/10/2022
On November 8, 2022, Binance founder Changpeng Zhao (CZ) tweeted, “This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.” On November…
