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Binance wants to liquidate $500 million of its FTT holdings

Amid rumors of insolvability for FTX’s sister-company Alameda Research, which according to a recent report holds mostly FTT tokens in its treasury, Binance’s CEO announced that the exchange would be liquidating the remaining FTT tokens they currently hold, worth over $500 million. Alameda’s CEO offered to buy Binance’s FTT token at $22.

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