Binance will sell its entire FTX token holdings

Binance CEO Changpeng Zhao cited “recent revelations” as the reason for the liquidation, saying the sale of its tokens could take months to complete, given the size of its position.

CZ explained the FTT liquidation was “just post-exit risk management,” referring to lessons learned from the fall of Terra’s Luna Classic (LUNC) and how it impacted market players.

[Via]

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