As the cold war between the world’s largest crypto exchanges Binance and FTX turns into a hot war, the Binance front announced that it has decided to sell all its FTX Tokens (FTT).
Binance CEO CZ as of yesterday FTX and Alameda research remarkable statements about found. In the statement made by CZ, Binance has FTT It was stated that he took action to sell his assets. While the net worth of the amount to be sold is unknown, as part of Binance’s exit from FTX capital last year, approximately 2.1 billion worth a dollar BUSD and FTT reported to be the owner.
Behind this step taken by CZ is the recently announced and FTX founder. Sam Bankman-Fried It is estimated that the financial situation reports of its other company, Alameda Research, are included. In Alameda’s balance sheet report, the company’s $14.6 billion It turned out that a large part of the asset was composed of FTT tokens, and this information caused concern in the markets.
In a balance sheet report reviewed and leaked by CoinDesk, Alameda’s as of June 30 $5.8 billion FTT It was revealed that he had the token.
On Saturday, Alameda Research CEO Caroline Ellison said “not reflected” in Alameda’s leaked balance sheet. 10 billion dollars have assets on by tweeting responded to the rumors.
CZ understands that such sales will be made in such a way as to affect the market as little as possible, therefore, these sales transactions are subject to market conditions. it may take a few months stated. Although it was not intended to create a drastic effect, there were great fluctuations and liquidations in the FTT price yesterday.