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

“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.”