Cory Russell
Nov 14, 2022 16:29
Changpeng Zhao, the chief executive of cryptocurrency exchange Binance, announced on Sunday that the company no longer accepts deposits of FTX's FTT token on its platform and urged other competing exchanges to follow suit.
The crypto exchange FTX, which declared bankruptcy on Friday, stated it had discovered unauthorized access on Saturday. Analysts also claimed that hundreds of millions of dollars' worth of assets had been removed from the network under "strange circumstances."
"To avoid the possibility of problematic extra supply impacting the market, (Binance) has ceased FTT deposits. We'll keep an eye on everything, CEO Zhao tweeted.
"FTT contract deployers shifted the $400 million worth of FTT supplies that was still available. Not really sure what's happening," he continued in a subsequent post.
Nov 11, 2022 16:46
Nov 14, 2022 16:33