There has been another expected development today about FTX, which has turned the cryptocurrency world upside down in recent days and went bankrupt when it was one of the largest exchanges in the world. The largest exchange Binance, the FTX exchange’s own token that FTT has discontinued investment transactions explained.

The announcement was made directly by Binance CEO and founder CZ (Changpeng Zhao). Zhao also mentioned other crypto exchanges in his statement. call on them to take the same action found it. CZ’s statement read as follows:

FTT statement from Binance CEO:

“Binance has halted FTT investments to avoid questionable potential for additional offerings to the market. We will monitor the situation. To be safe, encourage other exchanges to do the same. Let’s not hold another GALA.”

“FTT contract distributors moved the entire remaining $400 million worth of FTT offerings. This needs to be unlocked in bulk. I’m not exactly sure what’s going on.”

“If an exchange has to move large amounts of crypto before or after revealing wallet addresses, it’s a clear sign of trouble. Stay out.”

Another move came from FTX sponsors:

NBA Team Miami Heat and Formula 1 Team Mercedes-AMG PETRONAS with FTX terminated sponsorship deals. While Mercedes removed the FTX logos on Formula 1 cars, Formula 1 management began work on removing the advertisements posted on the tracks.