Changpeng Zhao, Binance CEO, announced on Nov. 8th, 2022, their intention to acquire FTX after confirming that the exchange had approached Binance to request help after confirming it had significant liquidity issues. According to Zhao’s statement on Twitter, “… This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, The post Binance CEO Backs Out From FTX Acquisition After The Downfall Of Its Token appeared first on CryptoCoin.News .
