• December 5, 2023


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Changpeng Zhao Announces Binance Plans to Acquire FTX

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Cryptocurrency exchange Binance has announced preparations for the implementation of the deal to buy FTX in the very near future.

Binance CEO Changpeng Zhao has confirmed on Twitter the agreement with the management of the FTX, but has declined to disclose the amount of the deal.

According to him, he was approached by Sam Bankman-Friedasking for help, as his FTX platform ran into financial problems.

The parties will publish an official statement with all the details in the coming days. Some observers believe Binance will acquire FTX for a nominal amount and take over all the obligations of the Bankman-Fried exchange.