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Benzinga
Benzinga
Business
Murtuza Merchant

Binance CEO Says No 'Master Plan' To Take Over FTX, Warns Employees 'DO NOT Trade FTT Tokens'

Binance CEO Changpeng Zhao on Wednesday asserted he did not “master plan” the deal with FTX and the failure of Sam Bankman-Fried's cryptocurrency exchange was in no way a win for the world’s largest digital assets exchange.

In an internal note written to Binance employees reviewed by Benzinga, Zhao also warned against buying or selling FTX Tokens (CRYPTO: FTT) and that after his call with Bankman-Fried, he ordered his team to sell the tokens as a company.

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