Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition

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Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition
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.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

held on his books that he took on as part of his exit from Alameda sister company FTX last year.

The price of FTT declined 14% over a 24-hour period to $22.02, its lowest price since June, according to CoinMarketCap. As of press time, the price of FTT rebounded to $23.03. the trading firm owned $5.8 billion of FTT tokens as of June 30. Alameda was revealed to have $14.6 billion in assets and $8 billion in liabilities, including $7.4 billion in unidentified loans.that Alameda had over $10 billion of assets “not reflected” on the leaked balance sheet. Ellison added that Alameda had undisclosed hedges in place and had already returned a bulk of their outstanding loans.

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