Things are getting tense in the exchange world. The CEO of Binance, Changpeng “CZ” Zhao, said his company would liquidate the entirety of its position in FTX Token.
The CEO of cryptocurrency exchange Binance, Changpeng “CZ” Zhao, said his company will liquidate the entirety of its position in FTX Token , the native token of competing exchange FTX.after “recent revelations that have came to light.”
In a later tweet, CZ explained the FTT liquidation was “just post-exit risk management,” referring to lessons learned from the fall of Terra’s Luna Classic and how it impacted market players.Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.
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