Binance CEO Responds CoinDesk about the balance sheet of Alameda Research.Tweetthat he will sell the remaining FTT tokens as part of the Alameda FTX exit last year.
Changpeng Zhao did not say how much FTT his company would sell. But that was part of last year’s sale of FTX shares, with Binance raising about $2.1 billion in the form of BUSD (Binance’s stablecoin) and FTT.
Meanwhile, Alameda’s CEO hasTweetThat her company’s financial position is stronger than what was reflected in the balance sheet that CoinDesk stated, and she also responded to the Binance CEO’s post, offering to buy Binance’s FTT tokens for $22 per token.
CZ said that Binance’s FTT sale will be conducted in a way that “Minimize market impact” and may take time “Two to three months to complete.”
The price of FTT fell 7.5% over 24 hours to $22.52 on Binance exchange.
CZ’s announcement follows rumors about Sam Bankman-Fried’s Alameda Research firm. After the leaked balance sheet as reported by CoinDesk revealed thatThe company owns $5.8 billion of FTT tokens. As of June 30, Alameda was revealed to have $14.6 billion in assets and $8 billion in liabilities, including $7.4 billion in anonymous loans.
On Saturday, Alameda Research CEO Caroline Ellison responded to the rumours by saying:TweetThat Alameda had more than $10 billion in assets unspecified in the leaked balance sheet, Ellison said, adding that Alameda had an undisclosed hedging and had repaid many of its loans.
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