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.
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