Binance CEO CZ said, "This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch. We will be conducting a full DD in the coming days."
Binance
FTX
CZ
Event
Binance tax evasion trial in Nigeria adjourned until April 30 on 'substituted service' argument Binance suspends employee for allegedly profiting off of insider information Binance Records $3.97B Weekly Inflows Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined 
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