Australian Crypto Fund Sells FTX (FTT) Tokens

DigitalX, an Australian cryptocurrency fund, has decided to liquidate its FTX (FTT) token holdings in light of the recent FTX/Binance saga, the Australian Financial Review reports.

The fund, which is listed on the Australian Securities Exchange under the DCC exchange, sold roughly $1 million worth of FTT tokens.

The liquidated tokens constituted roughly 2% of the fund's total holdings. Lisa Wade, the head of DigitalX, says that she did not want to get exposure to the token since the fund is expecting a quite powerful short-term blowback.