Tuesday, November 29, 2022
 

SBF Appreciates His Community for Support During FTX Crisis

  • SBF thanked supporters for their help during the platform’s bad times.
  • The tweet was in response to Binance’s decision to sell its FTX tokens.
  • The CEO also addressed rumors spread during the crisis.

The CEO of FTX Sam Bankman-Fried, better known as SBF, tweeted conveying his regards and gratitude to the FTX community for their support. The tweet was intended to thank the FTX traders who supported the firm even after Changpeng Zhao, the Binance CEO announced that the company had decided to liquidate all its FTX tokens.

Bankman-Fried posted the message on his Twitter account early today, as a part of a sequence of messages primarily focused on the journey of FTX “during its crazy” times:

On Sunday, the Binance CEO tweeted that in accordance with “some recent revelations”, the company has decided to sell the remaining FTX tokens (FTT) that the company holds. He stated that the exchange had received an amount of $2 billion after selling its stake last year.

It is notable that Zhao’s announcement came just a few days after the rumors on the financial issues of Alameda Research, a crypto trading firm closely connected to FTX, broke out.

In response to Zhao’s announcement, Bankman-Fried tweeted about the feeling of togetherness that people working in any field should have. He added that he respects everything that everyone had done to build the industry as it is today.

Furthermore, in his recent tweets, Bankman-Fried expressed his appreciation to the traders and investors for their support and cooperation, along with addressing the rumors that were spread during the time.

In addition, he talked about the transactions, withdrawals as well as stable coin conversions that took place on the platform within these hours.

Moreover, he stated that everyone has the right to choose the trading platforms and coins according to their priorities and concerns. Further, he added that he would be grateful to whoever stays with the company.

  • SBF thanked supporters for their help during the platform’s bad times.
  • The tweet was in response to Binance’s decision to sell its FTX tokens.
  • The CEO also addressed rumors spread during the crisis.

The CEO of FTX Sam Bankman-Fried, better known as SBF, tweeted conveying his regards and gratitude to the FTX community for their support. The tweet was intended to thank the FTX traders who supported the firm even after Changpeng Zhao, the Binance CEO announced that the company had decided to liquidate all its FTX tokens.

Bankman-Fried posted the message on his Twitter account early today, as a part of a sequence of messages primarily focused on the journey of FTX “during its crazy” times:

On Sunday, the Binance CEO tweeted that in accordance with “some recent revelations”, the company has decided to sell the remaining FTX tokens (FTT) that the company holds. He stated that the exchange had received an amount of $2 billion after selling its stake last year.

It is notable that Zhao’s announcement came just a few days after the rumors on the financial issues of Alameda Research, a crypto trading firm closely connected to FTX, broke out.

In response to Zhao’s announcement, Bankman-Fried tweeted about the feeling of togetherness that people working in any field should have. He added that he respects everything that everyone had done to build the industry as it is today.

Furthermore, in his recent tweets, Bankman-Fried expressed his appreciation to the traders and investors for their support and cooperation, along with addressing the rumors that were spread during the time.

In addition, he talked about the transactions, withdrawals as well as stable coin conversions that took place on the platform within these hours.

Moreover, he stated that everyone has the right to choose the trading platforms and coins according to their priorities and concerns. Further, he added that he would be grateful to whoever stays with the company.

 

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