A solvent allows some other substance - known as a solute - to dissolve in it, forming a solution.
08 Nov 2022, 21:10
A solvent allows some other substance - known as a solute - to dissolve in it, forming a solution. In this case, @cz_binance is solvent, @SBF_FTX is the solute. Although a solvent is generally thought of as being liquid, a solvent can be either solid, liquid, gas, or @binance.
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 and help cover the liquidity crunch. We will be conducting a full DD in the coming days.