India's cryptocurrency markets will feel the effects of FTX's liquidity issues.

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

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