“Last week, Alameda’s balance sheet was questioned, and Binance also announced that it would liquidate FTT and other assets related to the FTX exchange,” Griffin Ardern, a volatility trader from crypto asset management firm Blofin, said. “This appears to have caused a panic among investors, who chose to hedge their assets such as FTT.”
Open Interest in FTT Futures Doubles as Binance Moves to Liquidate FTX Token Holdings
