Binance CEO Changpeng Zhao says that the company signed a non-binding LOI to fully acquire FTX and help cover the liquidity crunch, pending due diligence (@cz_binance)

Binance Blog:
Binance CEO Changpeng Zhao says Binance is not a Chinese company and rejects suggestions of it being secretly run by a Chinese national, Guangying Chen  —  One of the many strengths that our employees at Binance must possess is thick skin.  After all, this industry is the subject of a lot …

Reuters:
Sources: in late 2020, the US DOJ asked Binance to provide extensive records on its anti-money laundering rules and communications by CEO Changpeng Zhao  —  U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records …

Bloomberg:
Sources: Binance CEO Changpeng Zhao met with investors in Abu Dhabi last week to raise money for a crypto industry recovery fund  —  Binance Chief Executive Officer Changpeng “CZ” Zhao and several deputies met with investors in Abu Dhabi last week in an effort to raise cash …

Matt Levine / Bloomberg:
Some questions about FTX’s “liquidity crunch” and its deal to sell to Binance, probably for a fraction of its former valuation of tens of billions of dollars  —  CZ vs. SBF  —  I kind of can’t believe this worked?  Here are Bloomberg’s Philip Lagerkranser and Joanna Ossinger this morning:

Sam Reynolds / CoinDesk:
Binance announces a recovery fund to help “otherwise strong” projects facing a liquidity crisis; Justin Sun says Tron, Huobi, and Poloniex will support Binance  —  Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.

Ryan Browne / CNBC:
In a Twitter Spaces chat, CEO Changpeng Zhao says Binance has seen a “slight increase in withdrawals” but otherwise “it’s still business as usual”  —  – Binance has seen a “slight increase in withdrawals,” said CEO Changpeng Zhao Monday, but he added this was in line …