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


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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You May Ask

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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