Sam Bankman-Fried Amid FTT Debacl: FTX Has Over $1 Billion Excess Cash, Client Assets Are Safe

Summary: Sam Bankman-Fried tweeted on Monday to assure FTX users that their funds and the crypto exchange remain out of immediate financial constraints following an announcement from Binance boss Changpeng Zhao sellinghttps://en.ethereumworldnews.com/binance-sell-500-million-ftt-stockpile/ about FTT. CZ’s tweet revealing Binance’s decision to exit the FTX utility token dubbed FTT has seemingly stirred a hornet’s nest, with FUD flooding social media and speculation arising that SBF’s crypto exchange might battle financial difficulties soon. “A competitor is trying to go after us with false […]