Crypto exchange FTX was valued in the billions. Now Binance plans to acquire it in a fire sale.

Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, has become known as crypto's bailout king. Whenever a crypto company would fail, Bankman-Fried, who's also known as SBF, would swoop in with the cash to keep them afloat.

Now, SBF is seemingly getting a bailout of his own.

On Tuesday, the world's largest...