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 (Emily Nicolle/Bloomberg)

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 …

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 …

Andrew Rummer / The Block:
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  —  – FTX CEO Sam Bankman-Fried insisted his crypto exchange is “fine” after rival Binance announced it would start selling its holdings of FTX’s FTT token.

Sam Reynolds / CoinDesk:
FTX’s FTT drops 19%+ to ~$18 as investors fear possible contagion from the collapse of FTX-linked Alameda; Nansen shows FTX outflows reached $450M+  —  FTT has declined nearly 20% over the course of an hour, with Solana’s SOL down 17% and Serum’s SRM off 10%.

Emily Nicolle / Bloomberg:
Emboldened by FTX’s collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more  —  Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more.  If someone forwarded this to you, sign up here.

Colin Wilhelm / The Block:
The House Financial Services Committee plans a hearing on FTX’s collapse in December and invites Sam Bankman-Fried and other executives  —  – The House Financial Services Committee will hold a hearing on FTX in December.  — In a joint statement announcing the hearing, current Chair Maxine Waters …