The US Commodity Futures Trading Commission has “watched” the Binance-FTX issue, a CFTC spokesperson told Reuters.
Losing Deep in FTT Following CFTC’s Statement Regarding Binance-FTX Incident
Recently, Binance CEO Changpeng Zhao announced that they will cash out their $2.1 billion FTT tokens, and cryptocurrency It caused a huge shock wave in the market.
However, Alameda Research CEO denied this, saying that the asset balance sheets circulating on social media represent only a portion of the company’s assets.
Changpeng Zhao also did not accept Alameda Research’s proposal to complete these FTT sales over-the-counter. CZ has made clear its goal of selling these tokens and getting BNB.
Today, as the latest development, it was reported that an agreement was reached between Binance and FTX. In addition, surprisingly, Binance CEO shared on Twitter that they signed a non-binding agreement to fully acquire FTX.
As a recent development, the news that the CFTC has been monitoring the tension between Binance and FTX, which has been going on for a few days, echoed on the agenda.
After that, a massive drop in the FTT token price began, and at the time of this writing, the price of the token has lost over 50% in the last 24 hours. FTT is currently trading below $10. The already declining token has weakened further with the latest development.
With Binance’s announcement of the purchase, the market, which moved upwards, has turned to the opposite as of now. While Bitcoin regressed to $ 18,500, Ethereum experienced a decline to $ 1350.
*Not investment advice.
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