The controversy hit twists and turns when Bankman-Fried announced that FTX.com had entered into a strategic transaction with Binance. He added that the exchange would clear withdrawal backlogs to mitigate any liquidity crunch. The acquisition deal, according to Bankman-Fried, is based on a non-binding letter of intent and does not impact FTX.us.<\/li>\n<\/ul>\n\n\n\n