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Crypto market split 50/50 on Binance FTX deal going through

According to trading platform Polymarkets, the question of whether Binance will get its FTX buyout over the line is almost too close to call.

We searched for FTX’s ether — and we have questions

FTX’s Ethereum cold wallet can’t be found and a series of transactions from FTX to Alameda deepen the relationship between the entities.

CZ and Sam Bankman-Fried have just announced that Binance will acquire FTX in order to help with a ‘liquidity crunch.’

FTX has stopped processing withdrawals of ERC-20 tokens, Solana, and Tron. This comes after Binance began liquidating FTX token.

On-chain researchers suggest FTX may be pulling assets from Solana’s Wormhole protocol to make sure it can cover liquidity needs.