FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange

Then Binance’s CZ amped up the pressure on Sunday by saying he planned to sell his holdings of FTX’s FTT token. The CoinDesk story had shown that much of Alameda’s balance sheet was make up of FTT. “Liquidating our FTT is just post-exit risk management, learning from LUNA,” he tweeted. “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.”