As suspicion grew over the weekend over the solvency of the FTX crypto exchange, the FTX CEO tweeted on Monday morning that the business was solvent “FTX is fine. Assets are fine.” He said that FTX has sufficient assets to support all customer holdings, and the firm didn’t invest in customer assets (even in Treasurys) and would continue to handle every withdrawal.
2) A bunch of unfounded rumors have been circulating. You can see https://t.co/EBmqPhqCBl.
FTX keeps audited financials etc. And, though it slows us down sometimes on product, we’re highly regulated.
— SBF (@SBF_FTX) November 6, 2022
The balance sheet of Alameda Research was filled with FTX’s native exchange token FTT. This resulted in an open battle of words between Alameda CEO Caroline Ellison and Binance CEO CZ, both of whom owned many FTT tokens.
Noting the disclosures in the CoinDesk story, Zhao announced that his exchange would begin selling its remaining FTT. Ellison responded via Twitter, stating that Alameda was prepared to acquire whatever quantity of FTT Binance wanted to sell for $22 per token.
CZ appeared to reject Ellison’s offer in a Monday afternoon tweet, stating that Binance will remain in the free market.
“I’d love it if we could work together for the ecosystem,” tweeted Bankman-Fried on Monday about CZ.
According to CoinDesk, the FTX coin (FTT) has been trading at $22.34 lately, decreasing by 14% this month.