Is Binance Still Holding FTT? CZ Answered!

Anonymous cryptocurrency analyst @frxresearch shared the full list of organizations that have invested in FTX in the seed funding round, as well as the A, B and C funding campaigns. Later, Binance CEO CZ also replied to the topic regarding FTT.

The researcher added that all traders on the list must be “rekt”, which means “sunken” in broken English, not including Binance. This slang word is used by players as a feature of losing players in PvP battles, while traders and investors use it for liquidated people who lose money.

Binance CEO Changpeng Zhao Says There Are Still Some FTT Tokens

Binance CEO Changpeng Zhao responded to frxresearch’s claim that Binance Labs may still be holding FTT:

“We still have some FTT.”

One of the firms on the list, Galois Capital, lost more than 50% of its assets under management (AUM) due to the FTX collapse. In the first quarter of 2022, it was one of the few venture capital firms to avoid losing funds in the LUNA/UST crisis.

Travis Kling, founder of Ikigai Asset Management, admitted that most of his firm’s funds are stored in FTX and cannot be recovered.

At the same time, Binance CEO CZ claimed that he does not intend to sell FTT in any way. Stating that such painful events did not seem unusual to him, CZ said, “You win some, you lose some.”

After his followers argued that FTX Tokens (FTT) would be more profitable if he sold them over the counter (OTC), CZ said this sale would never happen and they would not trade with scammers:

“No… I don’t think it will work. There will be any excuse/problem anyway.

And I prefer not to deal with scammers.”

*Not investment advice.

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