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FTX CEO Sam Bankman-Fried retreated his crypto exchange and assets are fine, trying to boost confidence to his investors, as a speculation mounted over the weekend about the solvency of the exchange.
In a startling case of friction between two of the world's biggest names in cryptocurrency, the world's largest crypto exchange Binance has begun liquidating holdings of FTT, the native cryptocurrency of FTX, the world's second-largest crypto exchange. Binance head Changpeng ‘CZ' Zhao cited recent revelations over Alameda Research's balance sheet as the reason for exiting.
FTX has seen a huge surge in stablecoin outflows amid unsubstantiated insolvency fears related to sister firm Alameda Research. The post FTX weekly stablecoin outflows surge as Binance piles on the pressure appeared first on The Block.
The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. The post FTX stablecoin reserves plunge as community fears bankrun appeared first on CryptoSlate.
Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX.
Breaking News Today Live Updates November and Latest News: (7 November 2022) The global crypto industry registered a sharp drop over the past day. Traders are doubtful while trading in the market due to several recent reasons.
Binance CEO Changpeng Zhao revealed on Sunday that his cryptocurrency exchange would be liquidating its entire holdings of the FTT token. The FTT dump comes on the heels of Sam Bankman-Fried's comments around regulatory proposals.
The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Binance CEO Changpeng Zhao cited “recent revelations” as the reason for the liquidation, noting the sale of its tokens could take months to complete due to the size of its position.
Binance founder Changpeng 'CZ' Zhao said on Sunday that the exchange is liquidating its position in the FTT token of its rival exchange, FTX. The post Binance Reveals FTX FTT Token Liquidation Intentions, Raising Insolvency Concerns appeared first on BeInCrypto.
Binance is dumping all of its FTX token (FTT) holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao has confirmed. “Regarding any speculation as to whether this is a move against a competitor, it is not,” he added.
Changpeng “CZ” Zhao, the CEO of Binance, announced on Sunday that his trading platform is selling its ownership of FTT, a competitor platform of FTX's native asset.
Making the announcement late Sunday, CZ noted that the decision was reached “due to recent revelations that have come to light”.
FTX CEO Sam Bankman-Fried has finally responded to Binance dumping its FTT (FTX) holdings. SBF has chosen the peaceful route in his war with Binance CEO Changpeng “CZ” Zhou.
Following comments from the CEOs of Alameda Research and Binance on the exchange token FTT, the token dipped 8.75% before recovering somewhat. The post Binance to sell FTX token holdings, Alameda CEO says leaked balance sheet is incomplete appeared first on The Block.
Binance CEO Changpeng Zhao took to Twitter earlier today to announce that his exchange will be getting rid of its FTX Token (FTT) holdings. The announcement comes after days of speculation and FUD about FTT.
Binance CEO Changpeng Zhao has confirmed rumors about the company's decision to liquidate its FTT holdings amid speculation about Alameda's financial health
CZ's FTT dump comes after Sam Bankman-Fried stoked the ire of degens with his regulatory proposals.
FTX's native token FTT has experienced a volatile weekend as Binance began liquidating its tokens due to “recent revelations that have came [sic] to light,” according to Binance CEO CZ. The post Fears of Terra Luna style collapse of FTX native token FTT as Binance liquidate its holdings appeared first on CryptoSlate.
Binance CEO CZ announced today that Binance will liquidate any remaining FTX (FTT) token holdings. Binance already took an exit from FTX equity last year.
Alameda's CEO has offered to buy Binance's FTT token holdings for $22 a piece.
FTT down 11% as Binance seems ready to dump $580 million worth of it
The global crypto market has seen a positive trend as its value has improved significantly. The performance of Bitcoin, Binance Coin, and others has shown enhancement.
A closely followed crypto trader says a rally is in store for Solana (SOL), and also updates his outlook on Litecoin (LTC) and FTX Token (FTT).
