The crypto billionaire says that the industry has to focus on building
The head of the largest cryptocurrency exchange insists that he spends time building instead of feuding. “I suggest others do the same. Back to building,” he said.
Zhao also took aim at conspiracy theories about him allegedly orchestrating the recent FTX controversy. As reported by U.Today, speculation started to emerge about the alleged financial troubles of FTX-linked trading firm Alameda Research. As reported by U.Today, Zhao confirmed that Binance had decided to sell its FTX tokens due to recent revelations. The sale was first spotted by the Whale Alert Twitter account. Zhao explains that he was compelled to announce the liquidation on Twitter because he wanted to be transparent.
In a separate tweet, the Binance CEO suggested that he would be willing to buy $580 million of BNB and then do a swap for the FTT. Earlier today, FTX boss Sam Bankman-Fried said that its rival was spreading"false rumors." At the same time, Bankman-Fried signaled his willingness to work with Binance for the sake of the industry. The FTT token is currently trading at $22.27, according to CoinMarketCap data. About the authorAlex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX CEO Accuses Competitor of False Rumors, Addressing Binance CEOFTX CEO addresses Binance CEO, accuses competitor of false rumors regarding Alameda drama alameda solana sol binance bnb ftx ftt $eth $sol $bnb $ftt
Read more »
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT TokenFTX CEO SBF_FTX has dismissed speculation over whether the company has enough capital to cover its customer deposits. Reporting by oknightcrypto
Read more »
Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition.cz_binance says binance is selling $FTT holdings in wake of coindesk scoop. Meanwhile, carolinecapital says her firm AlamedaResearch is stronger than balance sheet CoinDesk wrote about suggests and offered to buy Binance's holdings. by 0x_Tracy
Read more »
Binance Dumps FTX as FTT Loses 11% in 24 HoursFTX token down 11% as 23 million transferred to Binance for dump ftx ftt binance bnb $ftt $bnb
Read more »
'FTX is fine,' Bankman-Fried insists as he appeals for Binance to work togetherSam Bankman-Fried also threw a barb at Binance CEO Changpeng Zhao, saying 'I'd love it, cz_binance, if we could work together for the ecosystem.'
Read more »