The price of bitcoin falls below US$ 20,000 this day, after the world’s largest digital asset reached new two-year highs yesterday. Around midday this Wednesday, the cryptocurrency was trading slightly above US$17,200, with a 7% drop in value. The same happened with Ehtereum (-11%), at US$1,182 and the rest of the cryptocurrencies.
“This afternoon (on Tuesday), FTX requested our help. There is a major liquidity crisis. To protect users, we signed an LOI [carta de intención] non-binding, with the intention of fully acquiring to http://FTX.com and help cover the liquidity crisis. We will carry out a DD [debida diligencia] completed in the next few days,” said the Binance CEO Changpeng Zhao on Twitter.
Likewise, he warned that the FTT token will acquire a behavior “highly volatile” during the days in which the agreement is developed.
BNB, the Binance coin, is trading at US$301, this is 8% less than the previous day. While the FTT, FTX token, is selling at US$4.49, a daily collapse of 70%.
“As due diligence for the deal is ongoing, I want to remind everyone: do not exchange tokens FTT. If you have in the portfolio, you have in the portfolio. Don’t buy or sell. As soon as I finished the call with SBF [Sam Bankman-Fried, CEO de FTX] Yesterday, I asked our team to stop selling as an organization. Yes, we have a bag. But that’s okay. More importantly, we must hold ourselves to a higher standard than even banks,” Changpeng “CZ” Zhao, CEO and founder of Binance, warned via social media.
