Responding to potential Alameda's involvement, CZ stated that he plans to stick with the 'free market.'
Binance Will Stay in the Free Market, Says CZ After Rejecting Alameda’s OfferResponding to potential Alameda’s involvement, CZ stated that he plans to stick with the “free market.”
While CZ clarified that the move should not be taken as an attack on a competitor, this was enough to cause a slew of dumping in the market, and the FTT token shed over 20%. Following the liquidation announcement, rumors surrounding Alameda’s balance sheet came to the fore. Reports of the trading firm being overexposed to FTT began circulating this week.alleviated
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