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Solana Validators to Make Second Attempt at Restart as Transaction Freeze Drags On Italian FTX Leaves Users in Limbo Citing “Difficulties In Liquidity Management” The mtnDAO: Solana Devs Come Together for a Month-Long Utah Retreat Locals on the Edge about the Construction of a Bitcoin Miner Near McLouth (Report Is FBI’s Most Wanted Cryptoqueen Brutally Murdered (Report)
CZ FTX

FTX token holding its own after CZ fuss

Nov 7, 2022

The price of FTX’s native token FTT showed signs of resilience after a dramatic weekend for the exchange operator and its biggest rival, trading in the green earlier on Monday…

FTX SBF

Sam Bankman-Fried Says ‘FTX is Fine’ After CoinDesk Investigation and Binance Liquidations

Nov 7, 2022

Sam Bankman-Fried has insisted “FTX is fine” after his crypto empire was rocked by a series of allegations. The saga links back to a CoinDesk article last week that delved into the…

FTX

FTX weekly stablecoin outflows increase as Binance pressure builds

Nov 7, 2022

FTX has recorded a surge in stablecoin outflows amid growing fears surrounding the crypto exchange’s financials. In the last seven days, more than $451 million in stablecoins has flown out…

Alameda CZ FTX SBF

Binance will sell its FTX token holdings. Alameda CEO claims leaked balance sheet is fractional

Nov 6, 2022

Alameda Research CEO Caroline Ellison said Sunday that leaked information about the firm’s balance sheet only tells part of the story. On Nov. 2, CoinDesk reported that a leaked balance sheet from…

FTX

CoinDesk FTX Investigation – What Caused SBF Collapse?

Nov 2, 2022

Read the original CoinDesk FTX Investigation that exposed dirty dealings of Sam Bankman-Fried and led to the subsequent collapse of his crypto empire, including FTX and Alameda Research. Alameda had…

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Crypto News

Solana Validators to Make Second Attempt at Restart as Transaction Freeze Drags On

Feb 27, 2023
Crypto News

Italian FTX Leaves Users in Limbo Citing “Difficulties In Liquidity Management”

Feb 27, 2023
Crypto News

The mtnDAO: Solana Devs Come Together for a Month-Long Utah Retreat

Feb 27, 2023
Crypto News

Locals on the Edge about the Construction of a Bitcoin Miner Near McLouth (Report

Feb 26, 2023

What Happened to FTX?

FTX's collapse took place over a 10-day period in Nov. 2022. The catalyst for the crisis was a Nov. 2 scoop by CoinDesk that revealed that Alameda Research, the quant trading firm also run by Bankman-Fried, held a position worth $5 billion in FTT, the native token of FTX.

Cryptocurrency exchange FTX filed for Chapter 11 bankruptcy protection on Nov. 11, 2022 after a swift fall from grace. The company's valuation plunged from $32 billion to bankruptcy in a matter of days, dragging down founder and CEO Sam Bankman-Fried's $16 billion net worth to near-zero.

FTX's collapse shook the volatile crypto market, which lost billions in value, dropping below $1 trillion.

The consequences of FTX's rapid decline and collapse will likely impact cryptocurrencies well into the future and could even drag down broader markets.

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