Binance to liquidate its entire FTX Token holdings after ‘recent revelations’

Cointelegraph

Published Nov 06, 2022 09:55PM ET

Updated Nov 06, 2022 11:40PM ET

The CEO of cryptocurrency exchange Binance, Changpeng “CZ” Zhao, said his company will liquidate the entirety of its position in FTX Token (FTT), the native token of competing exchange FTX.

In a Nov. 6 tweet, Zhao said the decision was made after “recent revelations that have came to light.”

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