TechFlow news — Binance founder CZ tweeted, "As part of Binance’s exit from its FTX equity last year, Binance received approximately $2.1 billion worth in cash (BUSD and FTT). Given the recent revelations, we have decided to liquidate any remaining FTT on our books. We will attempt to do so in a way that minimizes market impact. Due to market conditions and limited liquidity, we expect this process will take several months to complete. Binance has always encouraged collaboration among industry participants. Any speculation that this is a move against a competitor is incorrect. Our industry is still in its early stages, and every public failure of a project harms every user and every platform. We typically hold tokens for the long term, but we’ve held this one for quite some time. Our actions remain transparent."
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