There are rumors that FTX and Alameda are insolvent. This has caused market fear and many investors to withdraw funds from FTX. FTT (FTX Token) is a large portion of Alameda’s portfolio, but the token backing FTX and Alameda is at risk since CZ from Binance stated that Binance plans to sell their remaining FTT tokens which could dump the price. Is FTX insolvent or is this just a personal battle between CZ and Sam Bankman-Fried?
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