After Binance CEO Changpeng Zhao announced that the company would sell its FTX Token holding, FTX CEO Sam Bankman-Fried, also known as ‘SBF’, tried to quell rumors of conflicts between crypto firms. big
But Bankman-Fried FTX eventually posted that it had “concluded a “strategic transaction agreement” with Binance after attempting to clear pending withdrawals. “Eliminate liquidity problems” and cover 1:1 assets.
“I know there are rumors in the media about the conflict between our two exchanges, however Binance has shown time and again that they are committed to creating a more decentralized global economy. while working to improve industry relations with regulators,” the SBF said.
Zhao released his own statement on Twitter bysaid FTX has contacted Binance for assistance regarding the “major liquidity crisis,” which, according to the Binance CEO, the transaction referred to by the SBF is a document showing the intention of the parties to be non-binding to buy FTX. Zhao added that Binance is “evaluating the situation in real time” and can “withdraw from the deal at any time.”
The announcement of a preliminary agreement between the two exchanges came just a day after SBF. claimon Twitter that FTX and its assets are “still safe” and deny reports of liquidity issues as “safe”. The FTX CEO also called on CZ to work together. But the Binance CEO’s social media response suggests he may not support the deal – with Zhao implying that Binance will be “in the free market” rather than having Alameda Research buy the hold. Dominate Binance’s FTT
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