Zhao Changpeng: Plans to fully acquire FTX.com and help address liquidity crunch, has signed a non-binding letter of intent with FTX

ChainCatcher news, Zhao Changpeng tweeted, "This afternoon, FTX sought our help due to severe liquidity tightening. To protect users, we signed a non-binding letter of intent to fully acquire FTX.com and help address the liquidity crunch. We will conduct a complete DD in the coming days. Binance reserves the right to withdraw from the transaction at any time. We expect that as things develop, FTT will become highly volatile in the coming days." (source link)