Binance CEO CZ said in the latest statements that investors should stay away from FTX Token (FTT).
Binance CEO says FTX Token is high risk
A memo that CZ sent to Binance employees in all countries has surfaced today. CZ wants his team to stay away from the FTT token for the duration of the FTX purchase agreement. Binance CEO stated that everyone can continue to hold FTT throughout the process, but trading can be dangerous. In a note to CZ employees, he said:
While due diligence continues for the deal, I want to remind everyone: don’t do it with FTT.
CZ also revealed earlier this week that Binance is considering selling FTT in light of recent disclosures. This resulted in a further decline in the price of FTT, causing concern.
As you follow on Kriptokoin.com, new reports say that the CEO of FTX contacted CZ in the midst of the crisis. SBD requested support from Binance for its stock market, which was in a liquidity crisis.
Current circumstances have also had a significant impact on SBF’s billionaire status. Sam Bankman-Fried, who is among the 500 richest people in the world, lost more than 93% of his net worth.