LONDON: Sam Bankman-Fried, the billionaire founder of crypto exchange FTX, sought to reassure crypto investors on Monday after a rival exchange, Binance, said it would liquidate its holdings of FTX's native token. Binance's CEO, Changpeng Zhao, said in a series of tweets on Sunday that his firm would sell
LONDON: Sam Bankman-Fried, the billionaire founder of crypto exchange FTX, sought to reassure crypto investors on Monday after a rival exchange, Binance, said it would liquidate its holdings of FTX's native token.
"A competitor is trying to go after us with false rumors," FTX's Bankman-Fried said in a series of tweets on Monday."FTX is fine. Assets are fine." Crypto enthusiasts had raised questions on Twitter last week about FTX's token, following a report from crypto news website CoinDesk about a leaked balance sheet from Alameda Research, a crypto trading firm founded by Bankman-Fried that maintains close ties with FTX.
Since the CoinDesk report on Nov 2, FTX's token has shed around US$400 million from its market cap as traders sold the token. It is trading near its lowest since February last year, according to CoinGecko data.
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