The War Between Binance and FTX Part 2

1. On the evening of November 7th, SBF promised that FTX has enough to cover all client holdings as they don't invest in client assets (even in treasuries). FTX has been processing all withdrawals and will continue to be.

2. Not long after SBF tweeted its willingness to build the crypto ecosystem with CZ, Udi Wertheimer, a crypto celebrity, invited SBF and CZ to join his Twitter Space to talk it out. SBF is more than happy to do it, but there isn’t any response from CZ yet.

3. The same evening of November 7th, the Co-Founder & Chief CSO of Binance, Yi He, clarified that the decision to sell FTT was based on the risk-control metrics they monitored.

4. On midnight of November 8th, CZ denied he was in a fight with SBF, saying that his decision to announce the selling of FTT was only in response to market conspiracy theories.

5. CZ later tweeted that Binance has about $8 billion ETH in its cold wallets. Alex Svanevik, the CEO of the blockchain analytics platform Nansen, replied with a screenshot that proves what CZ said is accurate.

6. Around 9:30 am on November 8th, Etherscan data showed that a total of 272,516.878 FTT (about $6M) were transferred from an unknown address (0x34168aab8bf425fba587a1eff52686e4bd759ab2) to Binance (0x91274d675e8922ed38e94021b3588412592122ce).

7.According to Glassnode data, the open Interest in perpetual futures contracts just reached a 4-month low of $984.88M on the FTX exchange, which means crypto investors are currently not trading in FTX.