Sam Bankman-Fried has insisted 'FTX is fine' after his crypto empire was rocked by a series of allegations.
Sam Bankman-Fried has insisted "FTX is fine" after his crypto empire was rocked by a series of allegations.last week that delved into the finances of Alameda Research, FTX's sister company.
Over the weekend, Crypto Twitter was rocked by another bombshell after a thread was posted by Changpeng Zhao, Binance's CEO. Zhao stressed that Binance would try to ensure that the liquidations "minimize market impact" — but current conditions and limited liquidity may mean this process takes months. He added:
"Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.
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