Binance’s FTX Token bank run causes bears to sharpen their claws

In a startling case of friction between two of the world’s biggest names in cryptocurrency, the world’s largest crypto exchange Binance has begun liquidating holdings of FTT, the native cryptocurrency of FTX, the world’s second-largest crypto exchange. Binance head Changpeng ‘CZ’ Zhao cited recent revelations over Alameda Research’s balance sheet as the reason for exiting.