In the battle between the world’s largest cryptocurrency exchange Binance and FTX, Binance CEO Changpeng Zhao (CZ) extended an olive branch. Sharing a series of tweets, CZ also talked about some altcoin projects between the lines.
Binance CEO: I was transparent about FTT
cryptocoin.comAs you follow in the war, Binance CEO CZ made some statements about FTX Token (FTT). Behind this, serious tremors occurred in the altcoin price. There have even been rumors of bankruptcy about FTT’s issuer, crypto derivatives exchange FTX. This led to speculation that a war was taking place between the two exchanges and their bosses. Of late, however, CZ tried to calm the atmosphere by sharing a series of tweets. Changpeng Zhao started his post like this:
I was out with friends yesterday when the topic of whale warnings came up. I have decided to be transparent by following our principles. So I wrote and posted a topic in 5 minutes. Little did I know that there would be “the straw that broke the camel’s back.”
“Everyone in our industry wants more transparency, right?” CZ said. ‘ he continued with his explanation. On the other hand, he clarified his stance on FTT, implying that he was misunderstood. On this subject he said:
My tweets were simple. There were questions about the large ($580 million) FTT deposit on Binance. We were transparent about closing our FTT position. It was surprising that it triggered so much ‘controversy’. There were also conspiracy theories that somehow I orchestrated all this. If you read this thread you will appreciate that no one can edit this.
“I can’t deal with fighting, I focus on my work”
Changpeng Zhao also seemed to resent the images and gifs used on social media and in the news. She noted that people were looking for a fight, so she was trying to find out if a fight would come out of here. CZ used the following statements in his statement:
Funny pictures, the media and some people tried to color it as a ‘fight’. I’m sorry to disappoint you. However, 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.
Binance CEO CZ says they still hold LUNC
By the way, as you may remember, the CEO of Alaade, the name at the center of the fight, made a call to Binance CEO CZ regarding FTT. In this context, he said that they were ready to buy the FTTs they were considering to sell at $22.
Following CZ’s post, a follower asked CZ, “Do you plan to accept Alameda’s offer to close the OTC position to avoid further impact on the market?” posed the question. CZ then asked, “Do they own or are they going to buy $580 million worth of BNB?” he replied. In addition, LUNC made a statement stating that they were holding:
I didn’t say that. It was a question, not a commitment. I think we will stay in the free market. We still hold LUNA (now LUNC) today
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