Surprisingly, Binance CEO CZ said they are still holding FTT. Commenting on Binance Labs’ role in FTX funding rounds, CZ shares his team’s views on FTT sales.
CZ reveals Binance Labs is still holding FTT
Twitter @frxresearch shared the list of all FTX investors on November 18. These companies, which have a large amount of FTT Tokens, are currently at a loss as they have dropped over 90%. Here is the list of funding rounds and investors:
Will Binance CEO sell the remaining FTT tokens?
Travis Kling, founder of Ikigai Asset Management, acknowledged that most of the money held in FTX has been lost and cannot be recovered. On the other hand, Binance CEO claims that he never thought of selling FTT. His followers also questioned CZ’s potential to sell FTT using over-the-counter (OTC) instruments. CZ said that Binance Labs has decided against it:
Don’t think it will work. There will be all kinds of excuses/problems anyway. I prefer not to deal with scammers.
Five days ago, Zhao claimed that his team never disclosed their FTT positions and that they immediately stopped selling the token after meeting with Sam Bankman-Fried.
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