Yi He, the co-founder, and chief customer service officer at crypto exchange Binance, has claimed that the company is not in “a war” with rival exchange FTX.

Following the event between Binance and FTX, although Binance CEO Changpeng Zhao has “harsh” criticisms referring to rival FTX, however, Yi He insists that is not the case:

However, SBF asserts that FTX’s financial resources are sufficient to handle the transactions:

The remarks follow CZ’s announcement that the exchange would begin liquidating its holdings of FTX’s FTT exchange token, which contributed to a sharp decline in stablecoin trading at CEO Sam Bankman-Fried’s exchange and sparked widespread rumors about the health of FTX and its closely related principle trading firm Alameda Research.

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.

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Website: coincu.com

Harold

CoinCu News

Binance

Changpeng Zhao

CZ

FTX

Sam Bankman-Fried

SBF

Yi He

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.

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Binance Co-founder Yi He Claims The Exchange Doesn’t Fight With FTX

Yi He, the co-founder, and chief customer service officer at crypto exchange Binance, has claimed that the company is not in “a war” with rival exchange FTX.

Following the event between Binance and FTX, although Binance CEO Changpeng Zhao has “harsh” criticisms referring to rival FTX, however, Yi He insists that is not the case:

3）The point we’d like to stress is that the decision to hold or sell a token depends on one’s own risk appetite and judgement. Our decision to sell FTT is a pure investment-related exit decision, which has nothing to do with “a war” and we have no intention to engage in drama ???? https://t.co/Jl5yQRcouv

— Yi He (@heyibinance) November 7, 2022

However, SBF asserts that FTX’s financial resources are sufficient to handle the transactions:

https://twitter.com/SBF_FTX/status/1589598284322328579

The remarks follow CZ’s announcement that the exchange would begin liquidating its holdings of FTX’s FTT exchange token, which contributed to a sharp decline in stablecoin trading at CEO Sam Bankman-Fried’s exchange and sparked widespread rumors about the health of FTX and its closely related principle trading firm Alameda Research.

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

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