CZ: Binance Has Decided to Liquidate Any Remaining $FTT on Their Books

CZ tweeted that as part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash ($BUSD and $FTT). Due to recent revelations that have came to light, they have decided to liquidate any remaining $FTT on their books.

Binance will try to do so in a way that minimizes market impact. Due to market conditions and limited liquidity, they expect this will take a few months to complete. Binance always encourages collaboration between industry players.