Twitter user Phyrex wrote, "Binance's FTT holdings have increased significantly since 3:00 a.m. on November 9th, Eastern Time. Currently, there are nearly 42 million FTTs stored in all ERC20 addresses controlled by Binance. CZ not only did not sell any FTT, but increased his holdings by nearly double."
In response, He Yi, co-founder and CMO of Binance and head of Binance Labs, said: 1. Binance Labs does have a lot of FTT, and originally planned to sell it out in a few months; after SBF made the call, they stopped selling, and it was meaningless to sell it again when it plummeted; the reason was the same as we did not sell it when Luna plummeted. 2. The increase should be the user's recharge, and Binance did not increase its holdings. In order to avoid misunderstandings in the community, a little explanation may break some conspiracy theories, but it is better to be transparent.
