Changpeng Zhao appears disinterested in Alameda Research’s offer to buy out the crypto exchange’s FTX Token holdings.
Zhao responded to a question on on Twitter asking if he would take up the offer by Alameda Research CEO Caroline Ellison to buy Binance’s FTT holdings for $22 per token. The offer from Ellison came after Zhao said Binance would be liquidating its FTT position due to post-exit risk management as part of learning from LUNA.
Zhao said he would try to sell the tokens in a way that minimizes market impact and said the token sales would take a few months to complete due to it holding around $2.1 billion United States dollar equivalent in the exchange’s stablecoin Binance USD and FTT.
Meanwhile, there have been concerns that rumors around Alameda’s finances, Binance’s impending FTT liquidation and Zhao’s comments could be the possible catalyst for major withdrawals from FTX, with reported data from Nansen showing $451 million worth of stablecoins leaving the exchange.
