Crypto giant Binance to acquire FTX following ‘liquidity crunch’

Binance said Tuesday it has signed a letter of intent to acquire FTX, delivering a surprising twist following a public spat between the world’s two largest crypto exchanges that contributed to several digital tokens taking a tumble Tuesday. The firms didn’t disclose the value of the deal, which is non-binding and pending the due diligence process.
The deal comes follows Binance founder Changpeng Zhao and FTX founder Sam Bankman-Fried’s months-long clash on social media, which escalated earlier this week.
In a series of tweets, Zhao (pictured above) said Tuesday Binance reache

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