Binance intends to acquire Bankman-Fried's FTX amid 'significant liquidity crunch'

Nov. 08, 2022 11:42 AM ETFTX Token (FTT-USD)By: Max Gottlich, SA News Editor8 Comments

House Financial Services Committee Examines Digital Assets

Alex Wong

Changpeng Zhao's cryptocurrency exchange, Binance, has tentatively agreed to buy Sam Bankman-Fried's crypto exchange, FTX, on Tuesday against a backdrop of growing concerns about the latter's solvency.

"Things have come full circle, and's first, and last, investors are the

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