Following Binance CEO Changpeng Zhao announcing the company would liquidate its position in FTX Tokens, FTX CEO Sam Bankman-Fried took to social media seemingly in an effort to quell rumors of conflict between the major crypto exchanges. According to a Nov. 8 Twitter threads from Bankman-Fried, FTX has “come to an agreement on a strategic transaction” with Binance following attempts to clear out its withdrawal backlog. SBF said he had asked Binance to step in, aiming to “clear out liquidity crunches” and cover assets on a 1:1 basis. I know that there have been rumors in media of c ...
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