SBF says Binance is trying to go after them with false rumors.

November 7, 2022

In a series of tweets, SBF clarified FTX’s position after Binance announced to liquidate $500 million FTT tokens.

“A competitor is trying to go after us with false rumors,” SBF tweeted.

SBF clarified that FTX is fine and so far the assets.

SBF tweeted tha FTX has enough to cover all client holdings.

SBF reassured that they don't invest client assets.

Sam Bankman-Fried clarified that FTX has GAAP audits, with > $1b excess cash.

SBF also invited CZ to talk it out and work on growing the ecosystem together.