Amid massive uncertainty surrounding FTX and its ability to process withdrawals, the exchange’s CEO Sam Bankman-Fried (SBF) has announced that the company is being sold to Binance.
Binance CEO Changpeng Zhao (CZ) has also confirmed the news, stating that Binance will help FTX navigate its current “liquidity crunch.”
FTX Comes Full Circle
In a tweet thread on Tuesday, SBF told followers that things had come “full circle,” and that Binance would go down as FTX’s first and last investor. “We have come to an agreement on a strategic transaction with Binance for FTX (pending DD etc.)” said the CEO.
SBF confirmed previous rumors that the exchange was having trouble clearing its withdrawal backlog. This contradicts prior claims from both himself and FTX and that the exchange’s queue was “returning to normal levels,” and that assets were “fine.”
Multiple on-chain analysis firms found on Monday that FTX was experiencing hundreds of millions of dollars in net outfl
We współpracy z: https://cryptopotato.com/sbf-breaks-silence-confirms-binance-will-acquire-ftx/
