FTT token down 15% as markets commemorate one year since FTX exchange went under
FTX exchange comes to mind today, November 17, despite the cryptocurrency market’s focus on the US Securities and Exchange Commission (SEC) over spot Bitcoin exchange-traded funds (ETFs). ...
- FTX exchange filed for bankruptcy one year ago, with John Ray III becoming CEO.
- Founder Sam Bankman-Fried was found guilty after a trial, with his colleagues testifying against him.
- FTX's native token FTT has dropped 15% in price and 25% in trading volume.
- The bankruptcy anniversary brings attention to FTX's past liquidity and solvency issues.
The article discusses the bankruptcy of FTX exchange and the legal troubles faced by its founder, Sam Bankman-Fried. The sentiment is negative, highlighting the downfall of the exchange and the impact on its native token's price.