Investors in FTX received a letter from CEO Sam Bankman-Fried that said Binance and the exchange have entered a non-binding agreement.
Customers remain chief among the priories of FTX followed by shareholders, CEO Sam Bankman-Fried said in an email to investors.
Details of a non-binding agreement for Binance to buy FTX.com are still being hashed out, the letter said. “I wish I had more details for you guys right now; I don’t yet,” Bankman-Fried wrote, noting that as details are still forthcoming he is likely to be “quite swamped for the next few days” and that “Ramnik and others will be around," referring to Ramnik Arora, head of product at FTX.
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