Binance offers to buy FTX’s non-U.S. operations to fix ‘liquidity crunch’

• Binance has reached a deal with Sam Bankman-Fried’s FTX to buy the crypto exchange.
• Binance CEO Changpeng Zhao tweeted Tuesday morning that “there is a significant liquidity crunch” at FTX and that after FTX asked for Binance’s help, they “signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch.”