The battle between FTX and Binance: why, will FTX crash？
With CoinDesk’s disclosure of Alameda’s financial data, which had nothing to do with Binance, but Binance’s attacks never stopped. Binance co-founder He Yi said to the event: “Binance does not give unsecured loans, does not participate in trading, does not blindly buy companies, does not blindly spend money on sponsorship, 20% of FTX equity has been sold, a clear conscience and keep building.” The first sentence, in particular, implies that FTX made large unsecured loans to Alameda. On November 6, someone said Binance wallet 0xd9… d7d7 transfers 23 million FTT’s (worth about $580 million) to FTX address 0x04… 8379 for sale. According to Wu’s further on-chain checks, address 0xd9…d7d7 may be the address where Binance invested in FTT to receive the linear unlock, while address 0x04…8379 is also attributed to Binance as a transit for transferring FTT to Binance’s official wallet. Perhaps because all FTT shares have already been unlocked, Binance is transferring all FTT into the official w...