Tag: FTX Token
Whales dumping FTX Token and Cronos
Following the dramatic fall of the FTX empire, hopes for a successful “Moonvember” were dashed. A decline in Bitcoin’s value, sparked by Sam Bankman-Fried, has brought its price down to around $15,000. Many other digital currencies suffered similar losses. However, tokens used on exchanges ranked highest. Large investors dumped their holdings of FTX Token and…
FTX Files for Bankruptcy | Sam Bankman-Fried Resigns
Press Release pic.twitter.com/rgxq3QSBqm — FTX (@FTX_Official) November 11, 2022 A crisis level has been reached today in the tragic downfall of one of the largest crypto exchange platforms in the world. Since FTX files for bankruptcy in the United States, CEO Sam Bankman-Fried has resigned. The platform apparently started having trouble earlier this week with…
FTX US Warns Users That Trading Could Be Halted ‘In a Few Days’
FTX’s US operation, which CEO SBF insists is independent, has announced that trading may be suspended soon due to a lack of liquidity. In brief FTX US Warns Users Despite FTX’s liquidity crisis and apparent unraveling this week, CEO Sam Bankman-Fried has maintained that FTX US is a separate company from FTX’s global business and…
FTX Seeks $9.4 billion from investors and competitors
By Angus Berwick and Tom Westbrook (Reuters) – A source said Thursday that FTX is trying hard to get about $9.4 billion from investors and competitors. CEO Sam Bankman-Fried is trying to save the cryptocurrency exchange, which has been hit hard by a rush of customer withdrawals. The Insider According to the insider, Bankman-Fried has…
Breaking News: FTX appears to have resumed withdrawals, blockchain data shows
Etherscan data from November 10 suggests that troubled cryptocurrency exchange FTX is once again processing withdrawals. After FTX announced on November 8 that it would be suspending all user withdrawals, the exchange’s hot wallet address remained dormant. However, as of 3:50 pm UTC on that day, it began processing withdrawal requests again. At the time…
FTX Token (FTT) Price Analysis: is it Headed to Zero?
The FTX Token FTT has dropped from its Tuesday opening price of $22.2 to its low of $2 on Thursday morning, a drop of -90.93%. As of this writing, it can be purchased for $3.29 and has begun a slight recovery. What happened to FTX and where it will go from here is still a…
