{"id":447566,"date":"2023-10-13T11:45:57","date_gmt":"2023-10-13T11:45:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=447566"},"modified":"2023-10-13T11:45:57","modified_gmt":"2023-10-13T11:45:57","slug":"binance-founder-changpeng-zhao-partly-to-blame-for-ftx-collapse-caroline-ellison-says","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-founder-changpeng-zhao-partly-to-blame-for-ftx-collapse-caroline-ellison-says","title":{"rendered":"Binance Founder Changpeng Zhao Partly To Blame For FTX Collapse, Caroline Ellison Says"},"content":{"rendered":"

Alameda Research CEO <\/span>Caroline Ellison<\/span><\/a> said a tweet by Binance<\/a> CEO Changpeng Zhao was partly to blame for the collapse of the cryptocurrency exchange FTX.<\/span><\/p>\n

Her comment came in testimony on Oct. 12 at the criminal trial of FTX founder and former boyfriend, Sam Bankman-Fried.<\/p>\n

She was referring to a tweet on 6 Nov. last year when Zhao announced Binance\u2019s<\/a> intention to liquidate its holdings of the FTX token FTT.<\/span><\/p>\n

“Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books,” Zhao tweeted.<\/p>\n

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As part of Binance\u2019s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1\/4<\/p>\n

— CZ \ud83d\udd36 BNB (@cz_binance) November 6, 2022<\/a><\/p><\/blockquote>\n