FTX CEO Sam Bankman Fred responded to Binance dropping its holdings of FTT cryptocurrency, the official digital currency of the FTX trading platform.

The bankman chose the peaceful path in his battle with Binance’s CEO.

He chose and explained that instead of focusing on Binance selling FTT cryptocurrency, the big players in the industry should cooperate with each other.

Binance’s latest move with FTX cryptocurrency:

Crypto billionaire Sam Bankman Fred owns two major cryptocurrency businesses.

One is the FTX cryptocurrency trading platform and the other is the trading company “Alameda Research”.

According to documents reviewed by CoinDesk, Alameda Research has significant exposure to FTT cryptocurrency.

As of June 30, Almeida had $14.6 billion in assets.

At $14.6 billion, unsecured FTT tokens accounted for more than $3.66 billion.

This shows Alameda’s unusually high exposure to the FTX platform’s cryptocurrency.

It also raises questions about its financial viability.

Carolyn Ellison, Alameda’s CEO, downplayed questions about the company’s financial stability.

A financial document reviewed by CoinDesk said it was a subset of the company’s assets.

It also revealed that Almeida has another $10 billion in unlisted assets.

Cryptocurrency FTT fell in value due to negative sentiment surrounding the two companies.

CZ, CEO of Binance, has revealed that it will liquidate Binance’s holdings of the FTT cryptocurrency.

Will the battle between Binance and FTX hurt the crypto market?

The crypto community is preparing for an all-out battle between two giants in the crypto market: FTX and Binance.

Their respective CEOs try to minimize conflict.

CZ revealed that it will liquidate FTT gradually to minimize any impact on the market.

He emphasized that this was not an attempt to harm FTX.

Likewise, Bankman claims to respect CZ’s contribution to the crypto community.

Major market leaders should build blockchain and expand the industry, not destroy it with side battles, he says.

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