After the world’s largest crypto exchange Binance announced that it will sell all its FTTs, the comments of the “war has begun” in the markets came from CEO Changpeng Zhao (CZ).
After speculation on the balance sheet of Alameda Research, which is under the management of FTX CEO Sam Bankman-Fried, Binance decided to liquidate all its FTTs. After that, the bickering between the two fronts was enough to affect both the FTT price and the cryptocurrency markets in general.
about events in the community. in the statements found CEO CZ, stated that its aim is not to cause controversy, but to transparency. open about FTT and trying to be transparent Expressing that, CZ emphasized that they are doing their best to maintain this transparency in transfers and Binance’s transactions and added that “producing” invited his way:
Funny memes, the media and some people tried to characterize it as a “fight”. Sorry to disappoint, but I spend my energy building, not fighting. Today I spent the day on our work and our community. I recommend that others do the same. Back to building.
The news agency that responded to this post by CZ DB“Do you plan to accept Alameda’s offer to close OTC position to avoid further market impact?” he stated.
CZ: Do they have or will they have $580 million in BNB?
DB: Sounds like you want Alameda to buy $580 million in BNB and then trade it for FTT?
CZ: I didn’t say anything like that. It was a question, not a commitment. I think we will stay in the free market. We still hold LUNA (LUNC) today.
Although both the Binance side and the FTX side tried to take constructive approaches, the anxiety created on the markets caused great declines. CoinGecko According to data, in the last 24 hours, FTX’s native token FTT is about 30% depreciated. As CZ has pointed out at every opportunity, if the FTT incident is a LUNA if it develops into a crisis, crypto markets have to face new black hole can stay.