Binance CEO Changpeng Zhao says the corporate signed a non-binding letter of intent to amass FTX.com and assist cowl its liquidity crunch, pending due diligence (Changpeng Zhao/@cz_binance)

Changpeng Zhao / @cz_binance:

Binance CEO Changpeng Zhao says the corporate signed a non-binding letter of intent to amass FTX.com and assist cowl its liquidity crunch, pending due diligence  —  This afternoon, FTX requested for our assist. There’s a vital liquidity crunch. To guard customers, we signed a non-binding LOI, intending to totally purchase https://t.co/BGtFlCmLXB and assist cowl the liquidity crunch. We shall be conducting a full DD within the coming days.