Binance Liquidates Entire FTT Holdings

Binance is liquidating its remaining FTT holdings, according to the crypto exchange CEO Changpeng “CZ”.

However, CZ has not clarified the reason behind liquidating FTT – the native token of rival FTX exchange, besides simply stating “recent revelations that have come to light.”

“As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1/4” 

CZ also took to Twitter to publicly announce that the liquidation is not a tactic …

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