Binance, the world’s largest cryptocurrency exchange, will provide UK lawmakers with detailed information and documentation on the process of buying FTX and its decision to sell FTT.
Bloomberg’s November 15 Binance’s Vice President of Government Affairs in Europe Daniel Trinderdue to the exchange’s presence as a witness in the crypto-asset investigation. UK Parliament Treasury Committee announced that it will provide information to its members.
Committee Chairman Harriet Baldwin on the possible market implications of the committee’s announcement that it will liquidate the FTT held by Binance, and due diligence on the possible acquisition of FTX evidence, including internal correspondence and records He said he was waiting for the submission.
Trinder was questioned about Binance’s announcement to sell over $500 million in FTT on November 6. When asked if it was clear that announcing the decision to sell FTT would trigger the collapse of FTX, Trinder that’s not their intention told. Also supporting their innocence He also promised to present the evidence.
Trinder said that Binance could make some adjustments in the documents presented, Baldwin said at the hearing that the stock market could not explain why. withholding any evidence He stated that he needed an explanation.
On the other hand, while Committee Chairman Baldwin accused Trinder of being an actor in this storyline, Trinder said: Binance is only trying to protect its own users suggested.
Other witnesses who testified at the interviews a few years back He said he probably did.
Tim Grant, President of Galaxy Digital Europe He made the following statements on the subject:
To experienced eyes, these experiences show that behind closed doors, a bad actor is responsible for what happened. This is a management issue, not a crypto issue.