{"id":14347,"date":"2022-11-09T07:16:28","date_gmt":"2022-11-09T07:16:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/breaking-binance-to-buy-ftx\/"},"modified":"2022-11-09T07:16:28","modified_gmt":"2022-11-09T07:16:28","slug":"breaking-binance-to-buy-ftx","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/breaking-binance-to-buy-ftx\/","title":{"rendered":"BREAKING: Binance to buy FTX"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661545791355-b1349c2d-5796-4a45-b50a-4e1f09e6d7d7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661545791355-b1349c2d-5796-4a45-b50a-4e1f09e6d7d7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661545791355-b1349c2d-5796-4a45-b50a-4e1f09e6d7d7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661545791355-b1349c2d-5796-4a45-b50a-4e1f09e6d7d7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<p dir=\"ltr\"><strong><em>Binance is set to acquire the FTX crypto exchange in a surprise turn of events on Tuesday.<\/em><\/strong><\/p>\n<p dir=\"ltr\">Just a day after FTX CEO Sam Bankman-Fried said his company was \u201cfine\u201d and would continue to be so, FTX and Binance have reached a deal to have Changpeng Zhao\u2019s company buy FTX.<\/p>\n<p dir=\"ltr\">Both the Binance chief and SBF tweeted the development, with reference to a liquidity crunch that has seen FTX come full circle as a crypto exchange. Zhao <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1590013613586411520\" rel=\"noopener noreferrer\" target=\"_blank\">tweeted<\/a>:<\/p>\n<p dir=\"ltr\">\u201c<em>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 http:\/\/FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days<\/em>.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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 <a href=\"https:\/\/t.co\/BGtFlCmLXB\">https:\/\/t.co\/BGtFlCmLXB<\/a> and help cover the liquidity crunch. We will be conducting a full DD in the coming days.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1590013613586411520?ref_src=twsrc%5Etfw\">November 8, 2022<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Bankman-Fried confirmed the deal was on the table, also <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1590012124864348160\" rel=\"noopener noreferrer\" target=\"_blank\">tweeting<\/a> earlier on Tuesday:<\/p>\n<p dir=\"ltr\">\u201c<em>Hey all: I have a few announcements to make. Things have come full circle, and http:\/\/FTX.com\u2019s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http:\/\/FTX.com (pending DD etc.)<\/em>.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1) Hey all: I have a few announcements to make.<\/p>\n<p>Things have come full circle, and <a href=\"https:\/\/t.co\/DWPOotRHcX\">https:\/\/t.co\/DWPOotRHcX<\/a>\u2019s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for <a href=\"https:\/\/t.co\/DWPOotRHcX\">https:\/\/t.co\/DWPOotRHcX<\/a> (pending DD etc.).<\/p>\n<p>\u2014 SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1590012124864348160?ref_src=twsrc%5Etfw\">November 8, 2022<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">The news follows recent reports about Alameda Research\u2019s balance sheet and Tuesday\u2019s massive price dump for the <a href=\"https:\/\/coinjournal.net\/ftx-token\/\">FTX token.<\/a><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-to-acquire-ftx\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance is set to acquire the FTX crypto exchange in a surprise turn of events on Tuesday. Just a day after FTX CEO Sam Bankman-Fried said his company was \u201cfine\u201d and would continue to be so, FTX and Binance have reached a deal [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14347"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14347"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14348"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}