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News

Alameda CEO, SBF Speaks Up Drama Confirmation With Binance

November 7, 2022 - Around 2 mins mins to read
Caroline Ellison, CEO of Alameda Research, stated on Sunday that the balance sheet information that was released only conveys a portion of the picture.
Alameda CEO, SBF Speaks Up Drama Confirmation With Binance

CoinDesk reported that $3.66 billion in unlocked FTT, referring to the token of cryptocurrency exchange FTX, was stated on a leaked balance sheet from Alameda. The exposed financial sheet and the FTT holdings provided more evidence of the strong ties between the two businesses.

According to a tweet from Ellison, the stolen data on Alameda’s balance sheet leaves out additional assets worth billions of dollars.

Later, Binance CEO Changpeng Zhao announced that owing to new findings, the company would start selling off its shares in FTT. Zhao claimed that Binance already got around $2.1 billion worth of BUSD and FTT as part of Binance’s withdrawal from FTX equity last year, but he did not specify how much FTT this would include.

Caroline Ellison later tweeted that Alameda would be willing to buy back all of Binance’s FTT for $22 to minimize the impact on the market.

FTX CEO Sam Bankman-Fried (SBF) officially spoke about the whole incident. The CEO avoided talking directly about the tension between FTX and Binance, instead introducing the newly updated email or phone number transfer feature.

However, CZ further revealed the reason for liquidating the FTT investment, implicitly accusing FTX of playing bad games in the crypto industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Alameda

Binance

Changpeng Zhao

CZ

CZ binance

FTT

FTX

Sam Bankman-Fried

SBF

Zhao

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Alameda CEO, SBF Speaks Up Drama Confirmation With Binance

Caroline Ellison, CEO of Alameda Research, stated on Sunday that the balance sheet information that was released only conveys a portion of the picture.
Alameda CEO, SBF Speaks Up Drama Confirmation With Binance

CoinDesk reported that $3.66 billion in unlocked FTT, referring to the token of cryptocurrency exchange FTX, was stated on a leaked balance sheet from Alameda. The exposed financial sheet and the FTT holdings provided more evidence of the strong ties between the two businesses.

According to a tweet from Ellison, the stolen data on Alameda’s balance sheet leaves out additional assets worth billions of dollars.

Later, Binance CEO Changpeng Zhao announced that owing to new findings, the company would start selling off its shares in FTT. Zhao claimed that Binance already got around $2.1 billion worth of BUSD and FTT as part of Binance’s withdrawal from FTX equity last year, but he did not specify how much FTT this would include.

Caroline Ellison later tweeted that Alameda would be willing to buy back all of Binance’s FTT for $22 to minimize the impact on the market.

FTX CEO Sam Bankman-Fried (SBF) officially spoke about the whole incident. The CEO avoided talking directly about the tension between FTX and Binance, instead introducing the newly updated email or phone number transfer feature.

However, CZ further revealed the reason for liquidating the FTT investment, implicitly accusing FTX of playing bad games in the crypto industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News