It’s no. The CEO of FTX trading company Alameda Research offered Changpeng Zhao to buy FTT tokens from Binance. But the latter kicked into touch. Tensions continue to rise between Binance and FTX, how far will this go?
Changpeng Zhao won’t sell its FTTs to Alameda Research
Caroline Elison, the CEO of Alameda Research, yesterday waved a white flag. She proposed to Changpeng Zhao to redeem FTT tokens from Binance for $22 each, to limit the impact of liquidations on the market. But Binance’s CEO wasn’t particularly keen on accepting the offer, if his response is to be believed:
I didn’t say that. It was a question, not a commitment. I think we will stay in the free market.
We still hold LUNA (now LUNC) today. 😂
— CZ 🔶 Binance (@cz_binance) November 7, 2022
“I believe we will stay in the free market. We still hold LUNA (now LUNC) today.»
👉 More from Binance CEO Changpeng Zhao
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Tensions that are not easing for the moment
Binance’s plan is to phase out its FTTs over the next few months. Changpeng Zhao tried to play the appeasement last night, explaining on Twitter that he did not expect so many reactions to his announcement. But the terms used earlier this week leave little room for doubt: Binance’s CEO has questioned the integrity of his rival:
Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won’t pretend to make love after divorce. We are not against anyone. But we won’t support people who lobby against other industry players behind their backs. Onwards.
— CZ 🔶 Binance (@cz_binance) November 6, 2022
“We will not support people who lobby against other industry players behind their backs.»
The atmosphere therefore remains particularly icy between Binance and FTX. And this should continue, if we are to believe the trajectory of the FTT token of the Sam Bankman-Fried platform. He operated a plunge of more than 25% in a few minutes during the night. Binance is also singled out.
And the bickering of “CZ” and “SBF” has its consequences: the cryptocurrency market has plunged, in an uncertain macro context with the holding of the US midterm elections. The price of Bitcoin (BTC) has thus fallen back below the 20,000 dollar threshold, which it had bravely managed to hold in recent days. We will therefore monitor the next possible scuffles of Binance and FTX.
👉 Related – Sam Bankman-Fried Denies All FTX Rumors
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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