Remember this is a NON-BINDING letter of intent. I wouldn't be surprised at all if this doesn't actually happen and just a bunch of ballyhoo. Unlike Twitter, FTX won't be able to drag CZ down to Delaware’s Chancery Court to force him to acquire it.
Indeed. Didn't stop the market from melting down though and it looks like FTT is going to zero. Wonder what happens if they decide not to buy it after all.
