{"id":507605,"date":"2022-11-07T21:15:00","date_gmt":"2022-11-07T18:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sbf-calls-for-collaboration-with-binance-for-the-ecosystem\/"},"modified":"2022-11-07T21:15:00","modified_gmt":"2022-11-07T18:15:00","slug":"sbf-calls-for-collaboration-with-binance-for-the-ecosystem","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sbf-calls-for-collaboration-with-binance-for-the-ecosystem\/","title":{"rendered":"# SBF calls for collaboration with Binance &#8216;for the ecosystem&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e20e1079d0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e20e1079d0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/sbf-calls-for-collaboration-with-binance-for-the-ecosystem\/#%E2%80%9D_SBF_calls_for_collaboration_with_Binance_%E2%80%98for_the_ecosystem_%E2%80%9C\" >&#8221; SBF calls for collaboration with Binance &#8216;for the ecosystem&#8217;  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_SBF_calls_for_collaboration_with_Binance_%E2%80%98for_the_ecosystem_%E2%80%9C\"><\/span>&#8221; SBF calls for collaboration with Binance &#8216;for the ecosystem&#8217;  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDExYzkyMmUtM2QzNC00OGZjLWE2ZGQtYzFjMmE3ZTkxZDYxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>FTX founder and CEO Sam Bankman-Fried took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> again on Nov. 7 to claim that &#8220;a competitor is trying to go after the cryptocurrency exchange with false rumors&#8221;, while also calling for collaboration with the rival exchange Binance.<\/p>\n<p> The comments follow a statement from Binance CEO Changpeng \u201cCZ\u201d Zhao concerning the liquidation of the exchange&#8217;s position in FTX token (FTT) as \u201cpost-exit risk management\u201d over the weekend.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1) A competitor is trying to go after us with false rumors.<\/p>\n<p>FTX is fine.  Assets are fine.<\/p>\n<p>Details:<\/p>\n<p>\u2014 SBF (@SBF_FTX) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1589598284322328579?ref_src=twsrc%5Etfw\">November 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>FTX &#8220;assets are fine&#8221;, according to SBF, who also alleged that the exchange has enough funds to cover all clients holdings and does not invest client assets, even in treasuries. He also said that:<\/p>\n<blockquote><p>&#8220;[FTX] It&#8217;s heavily regulated, even when that slows us down. We have GAAP audits, with &gt; $1b excess cash. We have a long history of safeguarding client assets, and that remains true today.&#8221;<\/p><\/blockquote>\n<p>Binance co-founder &amp; Chief Customer Service Officer Yi He clarified that the sell-off of FTT had nothing to do with the alleged war between the two exchanges.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3\uff09The point we\u2019d like to stress is that the decision to hold or sell a token depends on one\u2019s own risk <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite and judgement. Our decision to sell FTT is a pure investment-related exit decision, which has nothing to do with \u201ca war\u201d and we have no intention to engage in drama  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Jl5yQRcouv\">https:\/\/t.co\/Jl5yQRcouv<\/a><\/p>\n<p>\u2014 Yi He (@heyibinance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/heyibinance\/status\/1589614017743814656?ref_src=twsrc%5Etfw\">November 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier today, FTX&#8217;s profile on Twitter also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FTX_Official\/status\/1589510760107216896\">addressed<\/a> user complaints surrounding withdrawal delays, assuring users that everything is running smoothly with the matching engine, although node throughput remains limited for Bitcoin withdrawals at time of publication.<\/p>\n<p>On Reddit, some users\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/yocfrn\/serious_celsius_was_saying_withdrawals_are_fine\/\">expressed<\/a> alarm toward the developments, likening the situation to Celsius\u00a0halting withdrawals and misleading its users prior to the platform\u2019s collapse.<\/p>\n<p>In a Nov. 6 tweet, Zhao said the decision to liquidate the assets was\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1589283421704290306\">made<\/a> after \u201crecent revelations that have came to light,\u201d in reference to Terra&#8217;s Luna Classic (LUNC) crash and its impact on the crypto market. He also commented on the FTX founder&#8217;s\u00a0recent actions. In a tweet from CZ, he added:<\/p>\n<blockquote><p>\u201cWe won\u2019t support people who lobby against other industry players behind their backs.\u201d<\/p><\/blockquote>\n<p>On-chain analysis shows that an unknown wallet transferred approximately 23 million FTT  to Binance \u2014 worth around $584 million USD \u2014 in the early hours of Nov. 7. According to Zhao, the transfer wa part of the exchange&#8217;s decision to offload tokens.<\/p>\n<p><strong><em>Related:\u00a0FTX addresses user withdrawal complaints amid major token movement<\/em><\/strong><\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of tweets triggered a selloff in the FTX Token that broke below the pattern\u2019s support line near $22.50, accompanied by a volume spike. The FTX exchange token\u2019s selloff continued on Nov. 7 below the support line, raising risks of a bearish continuation phase in the coming months, as\u00a0reported by Cointelegraph. <\/p>\n<p>Binance&#8217;s decision was influenced by allegations that the FTX-founded crypto hedge fund Alameda Research could go insolvent due to its exposure to illiquid altcoins, including FTT. As of June 30, Alameda Research reported a balance sheet of $14.66 billion with FTT the largest holding company with $5.8 billion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/1587894159079358466\">making up<\/a> 88% of its net equity.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sbf-calls-for-collaboration-with-binance-for-the-ecosystem\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; SBF calls for collaboration with Binance &#8216;for the ecosystem&#8217; &#8220; FTX founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that &#8220;a competitor is trying to go after the cryptocurrency exchange with false rumors&#8221;, while also calling for collaboration with the rival exchange Binance. The comments follow a statement&#8230;<\/p>\n","protected":false},"author":1,"featured_media":507606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDExYzkyMmUtM2QzNC00OGZjLWE2ZGQtYzFjMmE3ZTkxZDYxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75014,77672,74860,127241,89897],"class_list":["post-507605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance","tag-changpeng-zhao","tag-cryptocurrency-exchange","tag-ftx-token","tag-sam-bankman-fried"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/507605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=507605"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/507605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/507606"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=507605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=507605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=507605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}