Coinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure to either FTX its FTT token.
Armstrong says FTX liquidity crisis “appears to be the result of risky business practices.”
."This event appears to be the result of risky business practices, including conflicts of interest between deeply intertwined entities, and misuse of customer funds."
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