As announced by CZ, BINANCE is liquidating the remaining FTT that the company received in its share when it exited FTX Equity last year.
Binance received BUSD and FTT equivalent to approximately $2.1 billion on its share. CZ wants to keep the market impact on this task to a minimum, and accordingly, it will take some time to do this in the current bear market.
NOT Binance vs FTX
According to CZ, the current action is not Binance's move against its competitor (FTX). CZ also added that the tokens were not locked, but he reached the limit to HODL.
CZ has intimated that even while everyone wants to grow the budding cryptocurrency industry together, if the initiative doesn't succeed, everyone involved, including associated platforms and users, will suffer.
Soft Outside Hard Inside
SBF has reacted sharply, no .. not sharply, but softly, yet the way he reacted seems he isn't happy but want peace.
