2023-11-07 23:01:55

Binance Liquidates Its FTT as CEO Changpeng Zhao Says FTX Lobbying Against Rival Exchange - The Daily Hodl

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The Daily Hodl
By Alex Richardson

Binance has announced it’s selling off all its FTX Token (FTT), as CEO Changpeng Zhao says FTX has been engaging in political efforts against Binance.

In a Twitter thread, Zhao says that last year, Binance decided to sell its equity in FTX, receiving billions in stablecoins and the exchange’s native token FTT.

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Now, Zhao, who heads the largest crypto exchange in the world by volume, says Binance is getting rid of the assets received in the exit with “revelations” coming to light.

Continue read on dailyhodl.com

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