In a tweet on Tuesday, Sam Bankman-Fried, CEO of US cryptocurrency exchange FTX,
announced that Binance had reached a "strategic transaction" to acquire
all of FTX's non-US assets, a move that Binance founder Changpeng Zhao described
as a "non-binding letter of intent" to "help cover liquidity crunch.
This caused a precipitous drop in the prices of most of the prominent cryptocurrency tokens
some experts now fear that this decline could