The current Head of crypto exchange Binance, Changpeng “CZ” Zhao, reportedly revealed his firm’s decision for liquidation of the whole position in FTX Token – the native token of rival exchange FTX.

Specifically, via a Nov. 6 tweet, Zhao reportedly revealed that the initiative was fueled by reasons made following “recent revelations that have come to light.”

In a later tweet, CZ offered further explanation that the FTT liquidation was “just post-exit risk management,” which is a reference to experience gathered from the fall of Terra’s Luna Classic (LUNC) and the way it negatively affected market players.

He additionally claimed that “we won’t support people who lobby against other industry players behind their backs.”

‘Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won’t pretend to make love after divorce. We are not against anyone. But we won’t support people who lobby against other industry players behind their backs. Onwards.”

Binance’s choice for liquidation of the token is reportedly believed to be because of reports associated with a recently leaked balance sheet from Sam Bankman-Fried-founded Alameda Research, which alleges billions of dollars equivalent in Alameda’s assets are tied up in FTX’s token.

Alameda Research CEO Caroline Ellison, in a Nov. 6 tweet, however, revealed that the balance sheet was not the reflection of the exact story, disclosing that the sheet in question is only for “a subset of our corporate entities” and other assets worth over $10 billion “aren’t reflected there.”

Bankman-Fried threw the weight behind Ellison’s claim via a tweet, stating that a “bunch of unfounded rumors have been circulating.”

Zhao did not offer specific details regarding the sum of FTT Binance would sell but disclosed that the exchange had in its possession approximately $2.1 billion United States dollar worth of Binance USD (BUSD) – the exchange’s stablecoin – and FTT because of its exit from FTX equity in 2021.