Binance to Liquidate FTT Holdings After Recent Disclosures

Changpeng “CZ” Zhao, the Chief Executive Officer of Binance, announced on Sunday that the crypto exchange is selling its ownership of FTT, a competitor exchange FTX’s native asset. Zhao stated that the choice was taken following recent disclosures that emerged in a tweet from November 6. Sam Bankman-Fried, the founder and CEO of FTX, came under fire for legislative ideas he put up in a blog post that suggested limitations on Decentralized Finance (DeFi). He has since pledged to change his regulatory stance. FTX Acquires Binance Ownership Binance received the money in FTT in conjunction with its release from an The post Binance to Liquidate FTT Holdings After Recent Disclosures appeared first on Cryptoknowmics-Crypto News and Media Platform.