Binance steps in to buy FTXcom after token collapse

Binance is acquiring FTX.com following the collapse of its native exchange token FTT. FTX founder Sam Bankman-Fried, who’d been silent as questions swirled about the fate of the exchange, announced the deal in a Twitter thread.It may take a bit to settle etc. — we apologize for that,” Bankman-Fried said. Binance CEO Changpeng Zhao, whose weekend announcement that his exchange would sell its FTT tokens set the chaos around FTX in motion, confirmed the purchase in another Twitter thread.