FTT token down 15% as markets commemorate one year since FTX exchange went under

FXstreet
FXstreet

17 Nov 2023 9:00 PM

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.

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When did FTX exchange file for bankruptcy?Who became the CEO of FTX after the bankruptcy?What caused the liquidity crisis and bank run at FTX?What crimes were Sam Bankman-Fried and his colleagues charged with?What is the current price and trading volume of FTX's native token, FTT?

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FTX exchangebankruptcySam Bankman-FriedFTT tokentrading platformMoneySupplyCryptoCurrencies

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