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Simon Hunt

MYSTERIOUS: Binance acquires crypto exchange ftx to tackle liquidity crunch | Mind Blowing Facts

FTX Binance Crypto Sam Bankman-Fried Changpeng Zhao United States FTT

Binance is to acquire crypto exchange FTX in a bid to tackle its ‘liquidity crunch’, the firm has announced, just hours after the company’s founder said “FTX is fine” and hit back at reports of the firm’s instability as “false rumours.”

Binance founder Changpeng Zhao said in a tweet: “This afternoon, FTX asked for our help. There is a significant liquidity crunch.

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