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FTX Binance News Live: SEC Probing FTX US And FTX[.]COM, Binance May Withdraw FTX Buy Out

Binance To Acquire FTX Live Updates: Crypto exchange Binance to acquire rival FTX as CEO Sam Bankman-Fried reached out to Binance for help.
Published by
Varinder Singh
Updated 04 Sep, 2025 | 11:30:13 AM UTC
FTX Binance News Live: SEC Probing FTX US And FTX[.]COM, Binance May Withdraw FTX Buy Out

FTX Binance News Live: The crypto market crashed after crypto exchange FTX reached to Binance for help regarding the liquidity crunch it was facing. Binance CEO Changpeng “CZ” Zhao confirmed signing a non-binding LOI with FTX CEO Sam Bankman-Fried intending to fully acquire FTX.com.

Crypto markets fell amid the market-wide selloff. Bitcoin fell 7% and Ethereum plunges over 11% in the last 24 hours.

FTX Binance News Live Updates

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Varinder Singh
Updated 04 Sep, 2025 | 11:30:13 AM
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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