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Fortune

Marco Quiroz-Gutierrez

Crypto Twitter ablaze after Binance says it's buying FTX

FTX Binance Crypto Twitter Inc. Sam Bankman-Fried Changpeng Zhao Do Kwon SBF BloombergGetty Images Terraform Labs

Sam Bankman-Fried of FTX and Changpeng Zhao of Binance. (Credit: Jeenah Moon—Bloomberg/Getty Images; Wei Leng Tay—Bloomberg/Getty Images)

Binance, the world’s largest crypt o exchange, is set to acquire Bahamas-based competitor FTX in a deal that makes it the undisputed leader in the space, and Crypto Twitter is shook.

The deal comes after recent Twitter jostling between Binance CEO Changpeng Zhao and FTX CEO Sam Bankman-Fried, recently considered the industry's white knight for infusing cash into struggling operations.

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Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

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