Binance liquidates all existing FTT in their possession
In one of the tweets, Binance mentioned that they had recently obtained approximately $2.1 billion USD, equivalent to cash ($BUSD and $FTT). This occurrence occurred because of Binance’s move to withdraw from FTX equity, which they had carried out sometime during the year.
Along with that, and as per the information received from reliable sources at the Binance camp, they have concluded and decided to carry out the act of liquidating all of their presently existing $FTT, which are present in their possession and on their concerned books.
According to further information released by the authoritative sources from the stable of Binance, the plan of action of liquidating all of the $FTT they have in their possession will be done away with in a well-calculated and properly phased out fashion.
Overall, this task is to be carried out in such a way and with the aim and intention of not drastically affecting the market scenario even a little bit. However, in their expert opinion, they predict they can carry out the exercise over a couple of months to achieve this.