Binance Intends to Fully Acquire FTX and Has Signed Non-Binding LOI, Says CZ

Binance CEO CZ said, "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 FTX and help cover the liquidity crunch. We will be conducting a full DD in the coming days."