CZ: Binance Signs a Letter of Intent to Acquire FTX and ‘Help Cover the Liquidity Crunch’

On Tuesday (8 November 2022), Binance CEO Changpeng Zhao (aka “CZ”) and Samuel Bankman-Fried (aka “SBF”) shook the crypto market with a pair of stunning announcements. First, SBF announced that FTX and Binance had “come to an agreement on a strategic transaction with Binance” for FTX: SBF went on to say: “Our teams are working […]