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Crypto giant Binance is buying its rival FTX following a very public dispute
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Crypto giant Binance is buying its rival FTX following a very public dispute
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9th November 2022, 12:12
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Crypto giant Binance is buying its rival FTX following a very public dispute Two of the largest crypto exchanges have just announced one of the stranger tech mergers in recent memory (and that's saying something). Binance plans to acquire its rival FTX after a brief but very public dispute. As Bloombergexplains, Binance CEO Changpeng Zhao sold about $529 million in FTX's native token on November 6th in response to "recent revelations that came to light," particularly a CoinDeskreport that FTX was facing a liquidity crisis. That led to FTX chief Sam Bankman-Fried accusing Binance of attacking his company with "false rumors," and maintaining that everything was "fine." By today, however, the two companies had reached a takeover deal while acknowledging that Binance would help resolve a "liquidity crunch" affecting FTX's transactions. https://www.engadget.com/binance-buy...5.html?src=rss |
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