Open Interest in FTT Futures Doubles as Binance Moves to Liquidate FTX Token Holdings

Griffin Ardern, volatility trader from crypto asset management firm Blofin, said, “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. That appears to have caused a panic among investors, who chose to hedge their assets such as FTT.”