As speculation mounted over the weekend about the solvency of billionaire Sam Bankman-Fried's FTX crypto exchange, the FTX CEO tweeted early Monday morning that "FTX is fine. Assets are fine."
"FTX has enough to cover all client holdings," he added. "We don't invest client assets (even in Treasurys). We have been processing all withdrawals, and will continue to be."
Last week, CoinDesk published a story revealing the balance sheet of FTX sister company Alameda Research was loaded with FTX's native exchange token FTT. That led to a public war of words between Alameda CEO Caroline Ellison and Binance CEO Changpeng Zhao, also owner of a sizable number of FTT tokens.
In a tweet Monday afternoon, Zhao appeared to rebuff Ellison's offer, saying Binance would "stay in the free market."
"I'd love it if we could work together for the ecosystem," Bankman-Fried said in his tweet on Monday, referring to Zhao.
The FTX token (FTT) was recently trading at $22.34, according to CoinDesk data. It is down 14% so far this month.
UPDATE (UTC 21:02): Adds additional tweet comment from Binance CEO Changpeng Zhao.
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