FTX’s Sam Bankman-Fried insists the exchange is “fine” after Binance begins selling FTX’s FTT; a recently leaked Alameda balance sheet showed $8B in liabilities (Andrew Rummer/The Block)

CoinDesk:
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens taken on from exiting FTX’s Alameda in 2021; Binance received ~$2.1B from the previous sale  —  Alameda’s CEO offered to buy Binance’s FTT token holdings for $22 apiece.  —  Binance’s CEO, responding to a CoinDesk scoop …

Ian Allison / CoinDesk:
A financial document details some ties between Sam Bankman-Fried’s FTX and Alameda Research; Alameda’s biggest asset is $3.66B of unlocked FTT, an FTX token  —  Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed.

Bloomberg:
Internal FTX documentation shows a GitHub account bearing the name of engineering director Nishad Singh authored code to hide Alameda’s ballooning liabilities  —  A GitHub account bearing the name of former FTX executive Nishad Singh authored code that hid Alameda Research’s ballooning liabilities …

Shaurya Malwa / CoinDesk:
Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning  —  The tokens were illicitly released from FTT’s main deployer address.  —  Crypto exchanges Binance and Huobi blocked deposits of FTT …

Emily Nicolle / Bloomberg:
In a hearing with UK lawmakers, a Binance executive says the exchange will submit evidence on discussions about the FTX deal, selling the FTT token, and more  —  Binance said it will submit evidence to UK lawmakers regarding discussions held about FTX.com when the two were in deal talks …

Joanna Ossinger / Bloomberg:
Binance’s BNB token dropped 9% over the past month, even as bitcoin remains steady, after record outflows; BNB has jumped over 1,600% in the past three years  —  The native token of crypto exchange Binance Holdings Ltd. snapped a prolonged slide that was sparked in part by concerns about outflows …