The CEO of Binance has announced his crypto exchange will no longer accept tokens from FTX for deposit.
D.A. Davidson director of research Gil Lauria and Duke Financial Economics Center policy director Lee Reiners debate the case for cryptocurrency as the FTX crisis continues to unfold on 'The Claman Countdown.'
Cryptocurrency exchange Binance has made a major decision concerning the tokens of FTX, the rival exchange that filed for bankruptcy protection on Friday.He also urged other rival exchanges to do the same. On Saturday, FTX said it had detected unauthorized access and analysts said hundreds of millions of dollars of assets had been moved from the platform in "suspicious circumstances"." has stopped FTT deposit, to prevent potential of questionable additional supplies affecting the market. We will monitor the situation," CEO Zhao said in a tweet.
"FTT contract deployers moved all remaining FTT supply worth $400 million, which should be unlocked in batches. Not too sure what's going on," he added, in another tweet.
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