In response, CZ dropped a bombshell on Twitter: Binance would dump its total FTT holding. He claimed the intention was to promote “in a way that minimizes market impact,” however the announcement led to a steep drop within the value of FTT (the token has misplaced nearly 90 p.c of its worth) and a surge in withdrawals at FTX as prospects started to panic concerning the security of their crypto.
Bankman-Fried initially denied rumors of insolvency on November 7, claiming that “a competitor is making an attempt to…
