The CEO of the giant cryptocurrency exchange Binance announced today that they are planning to acquire FTX. After the developments, the transfers from FTX Global to FTX TR were suspended.
Following the bailout announcement of the leading cryptocurrency exchange FTX, Binance’s CEO, Changpeng Zhao, announced that they are planning to acquire FTX. After this incident, it was said that the transactions made to FTX Global’s Turkey leg, FTX TR, were suspended.
According to the information obtained, users cannot withdraw their assets to banks. It is not yet known how investors will follow the suspension process.
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Binance Acquires Giant Cryptocurrency Exchange FTX
Big drop in FTT
FTX’s native token, FTT, was traded at $ 15 after the events, while it fell to $ 2.89 with a great decrease in the following hours. Other crypto money markets were also affected by this event.