A recent analysis by Forbes showed that over $12 billion, equivalent to 25% in assets have flowed out of Binance over the past two months, led by BUSD and BNB.
CZ confirmed that Binance has been a major shareholder of Tokocrypto since 2020, but has pumped more money to increase ownership of this Indonesian exchange.
FTX’s native token FTT experienced a volatile weekend as Binance dumped all of its FTT holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao (CZ) confirmed.