Binance To Dump All Holdings Of Bankman-Fried’s FTX Tokens: ‘Won’t Pretend To Make Love After Divorce’

Binance (CRYPTO: BUSD) CEO Changpeng Zhao has said his company will liquidate its entire holding of the native token of cryptocurrency exchange FTX (CRYPTO: FTT), over “recent revelations that have come to light,” and that he would not support people who “lobby” against other industry players behind their backs. What Happened: Binance’s decision to offload FTT tokens was made after weeks of criticism of FTX CEO Sam Bankman-Fried, for regulatory ideas he put up in a blog post that suggested limitations on DeFi.