SBF: A strategic transaction agreement has been reached with Binance, and the team is working hard to process the backlog of withdrawals
ChainCatcher news, FTX founder Sam Bankman-Fried (SBF) tweeted, "A strategic transaction agreement has been reached with Binance regarding FTX.com, and the team is working to address the backlog of withdrawals, which will alleviate the liquidity crunch, and all assets will be 1:1 covered. This is one of the main reasons we asked Binance to step in. It is important that customers are protected. Huge thanks to CZ, Binance, and all our investors." (source link)
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