It's a stunning outcome. After days of speculation, Binance has agreed to buy rival cryptocurrency exchange FTX_Official. Here's what you need to know 👉
," he tweeted."We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards."that she would buy all of Binance's FTT holdings for $22 each in order minimize the impact on prices.
The situation worsened early Tuesday as FTX customers struggled to withdraw money from FTX. Dozens of customers complained in FTX’s Telegram group and on Twitter about difficulties they experienced. In his tweets announcing the deal with Binance, Bankman-FriedInvestors had taken out a significant amount of assets from FTX,over the last 24 hours, cutting the balance there from about 20,000 bitcoins to just one on Tuesday morning, according to data from Coinglass.
On the news, FTX's FTT token rallied 20% to $17.50 from about $14.50. Binance's BNB token jumped 8% from $326 to $355. The price of bitcoin also pared its losses after the takeover was announced.Added additional information throughout.
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