Firms are withdrawing Ethereum, Alts from FTX: Should investors panic?
A few hours back, Changpeng Zhao revealed that Binance will start liquidating its FTT HODLings post “recent revelations.” The largest exchange’s executive, however, clarified that his company was “not against” anyone, but at the same time, wouldn’t support people who “lobby against other industry players” behind their backs. Read More: Binance will liquidate its FTT tokens after ‘recent revelations’ On the news of the same, outflows on the exchange started rising and prominent firms started withdrawing assets from FTX. Blockchain security firm and analytics platform PeckShield revealed that ~$40.4M USDC had been transferred from FTX to Jump Trading over the past 24 hours. #PeckShieldAlert ~$40.4M $ USDC (~$40.4M) has been transferred from FTX : 0x2fa to Jump Trading : 0x4f1 within the last 24 hours, pic.twitter.com/cCETIXrdYM — PeckShieldAlert (@PeckShieldAlert) November 7, 2022 In another transaction, arou...