Conversation

1) Hey all: I have a few announcements to make. Things have come full circle, and FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for FTX.com (pending DD etc.).

Cryptocurrency Derivatives Exchange

4:03 PM · Nov 8, 2022Twitter Web App

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2) Our teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered 1:1. This is one of the main reasons we’ve asked Binance to come in. It may take a bit to settle etc. -- we apologize for that.

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3) But the important thing is that customers are protected.

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4) A *huge* thank you to CZ, Binance, and all of our supporters. This is a user-centric development that benefits the entire industry. CZ has done, and will continue to do, an incredible job of building out the global crypto ecosystem, and creating a freer economic world.

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5) I know that there have been rumors in media of conflict between our two exchanges, however Binance has shown time and again that they are committed to a more decentralized global economy while working to improve industry relations with regulators. We are in the best of hands.

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6) (Note that FTX.us and Binance.us–two separate companies–are not currently impacted by this. FTX.us’s withdrawals are and have been live, is fully backed 1:1, and operating normally.)

@BinanceUS | Buy & Sell Crypto.

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what a crap

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Hsaka is a mf chad

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Inb4 "FTX Raises $2b at a $10b Valuation In New Funding Round Led By Binance"

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lmao cz destroyed my man

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