The digital assets industry has been shaken by the near-collapse of Sam Bankman-Fried's FTX, one of the largest crypto exchanges, which clinched a rescue deal with arch-rival Binance after a surge in customer withdrawals sparked a liquidity crisis.Binance chief executive Changpeng "CZ" Zhao wrote on Twitter that FTX had "asked for our help," adding: "There is a significant liquidity crunch."
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