Binance stops accepting FTX's token for deposit, CEO says

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The CEO of Binance has announced his crypto exchange will no longer accept tokens from FTX for deposit.

D.A. Davidson director of research Gil Lauria and Duke Financial Economics Center policy director Lee Reiners debate the case for cryptocurrency as the FTX crisis continues to unfold on 'The Claman Countdown.'

Cryptocurrency exchange Binance has made a major decision concerning the tokens of FTX, the rival exchange that filed for bankruptcy protection on Friday.He also urged other rival exchanges to do the same. On Saturday, FTX said it had detected unauthorized access and analysts said hundreds of millions of dollars of assets had been moved from the platform in "suspicious circumstances"." has stopped FTT deposit, to prevent potential of questionable additional supplies affecting the market. We will monitor the situation," CEO Zhao said in a tweet.

"FTT contract deployers moved all remaining FTT supply worth $400 million, which should be unlocked in batches. Not too sure what's going on," he added, in another tweet.

 

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Why won’t ppl also report BlockFi ? They have lock us out just like FTX….

Will somebody please buy Sam Bankman Fried a Polo Ralph Lauren Shirt or something decent no wonder your business failed

Send SBF to jail! FBI

Shitecoin going down not up

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