Latest update:

https://twitter.com/cz_binance/status/1590013613586411520

This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

This megathread will be used to discuss all news and events around ongoing FTX story.

Currently the latest news articles on the topic are:

Cryptocurrencies slide as concerns over FTX exchange rattle markets: https://www.reuters.com/markets/currencies/cryptocurrencies-slide-concerns-over-ftx-exchange-rattle-markets-2022-11-08/

FTX Token Plummets as Market Fears Possible Alameda Contagion: https://www.coindesk.com/markets/2022/11/08/ftt-plummets-as-market-fears-possible-alameda-contagion/

Bitcoin slumps ahead of midterms, and FTX addresses slow withdrawals: CNBC Crypto World: https://www.cnbc.com/video/2022/11/07/bitcoin-slumps-midterms-ftx-slow-withdrawals-cnbc-crypto-world.html

As per comments in daily thread, some users are reporting delayS in withdrawals.

As per FTX latest tweet,

https://twitter.com/FTX_Official/status/1589790870290993152

queue is decreasing and getting back to more reasonable levels; nodes and banks catching up

Please use this thread to discuss all events around this ongoing story. Please do not create new threads on this , they will be removed.