FTX CEO Sam Bankman-Fried has finally responded to Binance dumping its FTT (FTX) holdings. SBF has chosen the peaceful route in his war with Binance CEO Changpeng “CZ” Zhou. Instead of addressing the specific allegations on Alameda Research or Binance dumping FTT, he asked for cooperation between big industry players.
Why Is Binance Dumping FTX Tokens
Crypto billionaire Sam Bankman-Fried has two major crypto companies. One is the giant crypto exchange FTX and the other is the trading firm Alameda Research. According to the documents reviewed by CoinDesk, Alameda Research has significant exposure to the FTX tokens, FTT. On June 30th, Alameda held assets amounting to $14.6 billion.
Out of the $14.6 billion, unlocked FTT tokens accounted for the single largest $3.66 billion. This highlights an unusually high exposure of Alameda on FTX. It also raises questions about its financial viability. Caroline Ellison, the CEO of Alameda, has downplayed the questions about the company’s financ
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