SBF calls for collaboration with Binance "for the ecosystem"
FTX founder denied there were liquidity issues with the exchange's FTT token and claimed to be a victim of false rumors.
FTX Founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that “a competitor is trying to attack the cryptocurrency exchange with false rumors “, while calling for a collaboration with rival exchange Binance.
The comments followed a statement by Binance CEO Changpeng “CZ” Zhao regarding the liquidation of the exchange’s position in FTX Token (FTT) as “post-exit risk management” over the weekend. end.
1) A competitor is trying to sue us with false rumors.
FTX is fine. The elements are good.
Details:
— SBF (@SBF_FTX) November 7, 2022FTX "assets are doing well," according to SBF, which also alleged that the exchange has enough funds to cover all client holdings and does not invest client assets even in treasury bills. He also said:
"It's [FTX] heavily regulated, even if it slows us down. We have GAAP audits, with >$1 billion in excess liquidity. We have a long history of protecting our clients' assets, and that remains true today."
Binance co-founder and director of customer service Yi He clarified that the sale of FTT had nothing to do with the so-called “war” between the two exchanges.
3）The point we would like to emphasize is that the decision to hold or sell a token depends on one's own risk appetite and judgment. Our decision to sell FTT is a purely investment-related exit decision, which has nothing to do with "a war" and we have no intention of engaging in any drama https://t.co/ Jl5yQRcouv
— Yi He (@heyibinance) November 7, 2022Earlier on November 7, FTX's Twitter account also addressed user complaints about...
FTX founder denied there were liquidity issues with the exchange's FTT token and claimed to be a victim of false rumors.
FTX Founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that “a competitor is trying to attack the cryptocurrency exchange with false rumors “, while calling for a collaboration with rival exchange Binance.
The comments followed a statement by Binance CEO Changpeng “CZ” Zhao regarding the liquidation of the exchange’s position in FTX Token (FTT) as “post-exit risk management” over the weekend. end.
1) A competitor is trying to sue us with false rumors.
FTX is fine. The elements are good.
Details:
— SBF (@SBF_FTX) November 7, 2022FTX "assets are doing well," according to SBF, which also alleged that the exchange has enough funds to cover all client holdings and does not invest client assets even in treasury bills. He also said:
"It's [FTX] heavily regulated, even if it slows us down. We have GAAP audits, with >$1 billion in excess liquidity. We have a long history of protecting our clients' assets, and that remains true today."
Binance co-founder and director of customer service Yi He clarified that the sale of FTT had nothing to do with the so-called “war” between the two exchanges.
3）The point we would like to emphasize is that the decision to hold or sell a token depends on one's own risk appetite and judgment. Our decision to sell FTT is a purely investment-related exit decision, which has nothing to do with "a war" and we have no intention of engaging in any drama https://t.co/ Jl5yQRcouv
— Yi He (@heyibinance) November 7, 2022Earlier on November 7, FTX's Twitter account also addressed user complaints about...
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