FTX
Summary: FTX CEO Sam Bankman-Fried tweeted apologies to FTX users and an update to the crypto community as the crypto exchange sinks deeper into a liquidity crunch and withdrawals remain paused.  Withdrawal pressure mounted on the Bahamas-based exchange after Binance CEO Changpeng Zhao announced plans to unwind around $2.1 billion...
Sam Bankman-Fried
Crypto market analysts continue to dissect the finances of FTX and are pointing to on-chain data to show that the exchange allegedly bailed Alameda out. Lucas Nuzzi, head of R&D at CoinMetrics, reported that he might have found evidence of FTX bailing Alameda Research out in Q2. Nuzzi showed that...
$FTT's Performance 24 hours Following CZ's revelation 16
Summary: Yesterday, Binance CEO Changpeng Zhao revealed that the exchange intends to liquidate its FTT holdings. Putting the solvency of FTX in doubt, sellers have rampaged the FTT market in the last 24 hours. Daily trading volume was at a six-month high without a corresponding price growth. Following Binance CEO...