While the crypto money markets continue to experience difficult times with the Binance-FTX war, OKX CEO Star Xu came up with a common sense explanation on the subject.
Due to Binance CEO CZ’s balance sheet shortfall FTX and Alameda Research, and his FTTs Cryptocurrency markets plunged into chaos after he announced that he would liquidate. Following the aforementioned explanations, the FTT price close to 30% suffered a loss in value. FTT to Luna By analogy, CZ announced that they would not give lobbyists a chance.
Speaking after the events OKX CEO Star Xu be prudent on both sides called:
Unfortunately, if FTX becomes another LUNA, no one in the industry, including Binance, will benefit. Investors and lawmakers alike will lose some confidence in the entire industry. Hopefully CZ can stop selling FTT and consider making a new deal with SBF.
Stating that the discussion between the parties has damaged the crypto money market, Xu has a rightful reproach. past crises Given that, it may be in everyone’s interest to take a more constructive stance for the future of the cryptocurrency community.