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Binance Labs Still Holds FTT, CZ Confirms

The complete list of organizations that invested in FTX in the seed funding round has been shared by an anonymous crypto analyst. Binance Labs is also one of them.

The list released by @frxresearch appears to include all elite venture capital firms and institutional investors. The majority of them must be stuck, considering that FTX Token (FTT) is down over 90% from its all-time high.

The researcher also stated that all of the investors on the list had to be “rekt,” which is broken English for “wrecked.” There, this phrase is considered to refer to traders and investors who suffered financial losses.

The CEO of Binance, Changpeng Zhao, responded on Twitter to the claim made by @frxresearch that Binance Labs still holds its position in FTX Token:

At the same time, CZ asserted that he does not in any way consider selling FTT. A Twitter user asked if should be taken that OTC deal, to which CZ replied:

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Harold

Coincu News

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.