Binance is liquidating its remaining FTT holdings, according to the crypto exchange CEO Changpeng “CZ“.
However, CZ has not clarified the reason behind liquidating FTT – the native token of rival FTX exchange, besides simply stating “recent revelations that have come to light.”
“As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1/4”
CZ also took to Twitter to publicly announce that the liquidation is not a tactic to take a shot at FTX.
In response to the latest move from CZ, Alameda’s CEO, tweeted that her trading firm’s financial condition is more robust. She also offered a buyback offer by responding to the Binance CEO’s post.
“@cz_binance if you’re looking to minimize the market impact on your FTT sales, Alameda will…
