2023-11-07 23:01:55

Binance Liquidating Its FTT, CEO Changpeng Zhao Says FTX Lobbying Against Others in Crypto Industry - 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 rumors swirl that the global crypto exchange FTX could be insolvent.

In a Twitter thread, Zhao details how 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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