Binance CEO exposes shocking fact on FTX collapse FTT Crypto
He says in full disclosure that Binance never shorted FTT. He added that the exchange still has a bag as it stopped selling FTT after founder Sam Bankman-Fried made what he refers to as a"very expensive call."
"We did not master plan this or anything related to it," CZ stated in respect to the FTX crisis. He provided a few specifics about the call with the FTX founder:"I was surprised when he wanted to talk. My first reaction was, he wants to do an OTC deal, But here we are," CZ said, asserting that he had"very little knowledge of the internal state of things at FTX" before the call.
As soon as the conversation with Bankman-Fried was over, he reportedly told his staff to"stop selling as an organization."
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