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Binance CEO Rejects FTX Co-founder's Bid To Buy FTX Tokens

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1

Changpeng Zhao, Binance CEO (CZ), is not interested in selling the FTX Tokens of his company in an OTC agreement with Alameda.

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2

He said that he believed the market would remain free while answering a question regarding Alameda's possible involvement. 

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3

Caroline Elison, Alameda CEO, offered to buy all the FTT Binance plans to offload on Sunday for $22 per piece to limit the market's impact.

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4

CZ's response indicates that Binance will likely stick to its original plan of slowly selling tokens

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5

from rival exchanges over the next few months, on the open market and not over the counter.

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6

CZ claims Binance's complete exit from FTT was in response to "recent revelations" about FTX. 

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7

He suggested that FTX had been lobbying against other industry players behind their backs.

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8

The market was affected by the billionaire's cryptic language. It sent the FTX token down 10% and sparked mass crypto withdrawals from FTX. 

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