Bitcoin just crashed to a new low of $17,100 In the past 24 hours Bitcoin fell from $20,500 to $17,100 as everyone is pulling their money off of the FTX exchange due to their liquidity issues.
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
CZ – CEO of Binance via Twitter
Bitcoin has fallen 73% from its all-time high of just over $69k in November 2021. Bitcoin previously fell below the $18k mark earlier this year.
Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books.
CZ – CEO of Binance
CZ shared that he was selling all of Binance’s holdings of FTT, worth at least $500 million.
