In an explanation on Twitter, co-founder and chief customer service of Binance exchange Yi He claimed that Binance is not in a war with FTX and has no intention of engaging in drama.
Following Binance CEO Changpeng Zhao or CZ’s announcement that the exchange would start selling its remaining FTX’s FTT exchange token holdings, rumours declaring both exchanges might be beefing with each other have been going around.
The speculations started to look real, specifically when FTX CEO Sam Bankman-Fried took to his Twitter and said,
“A competitor is trying to go after us with false rumors. FTX is fine. Assets are fine. FTX has enough to cover all client holdings. We don’t invest in client assets (even in treasuries). We have been processing all withdrawals and will continue to be.”
As a result, on Monday, Binance Co-founder Yi He decided to clear the air. Yi He tweeted, “Recently, the Portfolio Management team at [Binance] Labs…
