Binance will liquidate its FTT tokens after ‘recent revelations’
CEO Changpeng Zhao—aka CZ—took to Twitter to recently reveal that his crypto exchange was liquidating its FTT holdings, the native token of exchange FTX. Via a thread, the CEO of the largest crypto exchange revealed, that as part of Binance’s exit from FTX equity last year, it received roughly $2.1 billion equivalent in cash [BUSD and FTT]. He attributed the the latest decision to sell to “recent revelations.” “Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books.” The executive further pointed out that his entity learned its lesson on “post-exit risk management” well from LUNA. He stressed that the exchange “won’t pretend to make love after divorce.” Zhao, however, clarified that Binance was “not against” anyone, but at the same time, “won’t support people who lobby against other industry players behind their backs.” ...