Binance is set to acquire FTX – that is the startling news that hit the cryptoverse moments ago.
Changpeng Zhao – or CZ as he is known – tweeted that Binance has been asked for help by FTX as it seeks to staunch the bleeding at the exchange after Coindesk caught sight of documents earlier this week that indicated that sister company Alameda held the FTT token and not much else on its balance sheet.
Fears that FTX was insolvent started to swirl….
Read More: Breaking News: Crypto Prices Spike then Crash as Binance Moves to Acquire FTX
Changpeng Zhao – or CZ as he is known – tweeted that Binance has been asked for help by FTX as it seeks to staunch the bleeding at the exchange after Coindesk caught sight of documents earlier this week that indicated that sister company Alameda held the FTT token and not much else on its balance sheet.
Fears that FTX was insolvent started to swirl….
Read More: Breaking News: Crypto Prices Spike then Crash as Binance Moves to Acquire FTX
