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The downfall of FTX was precipitated by FTT in its most fundamental form. The cryptocurrency, much like other native tokens, was used in part as an incentive to drive transactions to the exchange by providing discounts to its holders. #FTT
The downfall of FTX was precipitated by FTT in its most fundamental form. The cryptocurrency, much like other native tokens, was used in part as an incentive to drive transactions to the exchange by providing discounts to its holders. #FTT
#FTT #ORDI #cryptonews #crypto2023 #BinanceSquare
$FTT $ORDI $SOL
🟢 Weekly Market Recap: Crypto Economy Surges to $1.4T as FTT and ORDI Outshine the Rest
🗨 This week, the crypto economy climbed to the $1.4 trillion range as dozens of virtual assets witnessed gains. From November 4 to Saturday, November 11, 2023, several crypto assets recorded triple-digit weekly gains, and a great deal captured double-digit gains.
🟢 Why Solana\'s jump beyond $50 remains an opportunity for onlookers
🗣️ The token decoupled from the broader market direction, gaining about 15% in the last 24 hours. While this rise should be considered a warning sign for traders, indicators beg to differ.
👨👩👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
$FTT $ORDI $SOL
🟢 Weekly Market Recap: Crypto Economy Surges to $1.4T as FTT and ORDI Outshine the Rest
🗨 This week, the crypto economy climbed to the $1.4 trillion range as dozens of virtual assets witnessed gains. From November 4 to Saturday, November 11, 2023, several crypto assets recorded triple-digit weekly gains, and a great deal captured double-digit gains.
🟢 Why Solana\'s jump beyond $50 remains an opportunity for onlookers
🗣️ The token decoupled from the broader market direction, gaining about 15% in the last 24 hours. While this rise should be considered a warning sign for traders, indicators beg to differ.
👨👩👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
👉👉👉 #FTT Crashes 30% As #FTX Relaunch Hopes Fade: Is the Dream Over?
The demise of hopes for a revived FTX exchange has sparked a significant sell-off of its native token, $FTT , with the cryptocurrency plummeting over 30% last week, according to data from Kaiko. This sharp decline has erased much of the recent gains driven by speculation surrounding a potential FTX comeback.
Reports indicating that the bankrupt exchange, once helmed by Sam Bankman-Fried, is unlikely to resume operations have contributed to the concerning drop in FTT's value. Despite a ray of hope for FTX customers provided during a recent court hearing, where the exchange's representatives mentioned plans for full repayment to users, the prospect of revival seems bleak.
Notably, the repayment process would be based on the value of assets held during FTX's bankruptcy, which occurred during a period of crypto market downturn. This context adds complexity to the repayment scenario, as asset values were significantly lower at the time of the exchange's collapse.
Following a court hearing in late January, FTX lawyer Andrew Dietderich conveyed in a now-deleted YouTube video that the exchange would not pursue a relaunch due to the absence of potential buyers. Consequently, the exchange is exploring options to allow creditors to seek approvals from investors seeking reimbursements.
This development raises concerns for the numerous claimants impacted by the exchange's new direction, as they must provide substantial evidence of holding assets in FTX before its collapse.
The recent decline in FTT prices marks a sobering reality for investors, reversing gains from 2023's recovery fueled by FTX 2.0 hopes. FTT's utility in the FTX ecosystem is now under scrutiny, with prices hovering around $1.7, down from previous highs. The charts show a reversal, with $0.95 seen as a critical support level.
Source - newsbtc.com
#CryptoNews #BinanceSquare #cryptocurrency
The demise of hopes for a revived FTX exchange has sparked a significant sell-off of its native token, $FTT , with the cryptocurrency plummeting over 30% last week, according to data from Kaiko. This sharp decline has erased much of the recent gains driven by speculation surrounding a potential FTX comeback.
Reports indicating that the bankrupt exchange, once helmed by Sam Bankman-Fried, is unlikely to resume operations have contributed to the concerning drop in FTT's value. Despite a ray of hope for FTX customers provided during a recent court hearing, where the exchange's representatives mentioned plans for full repayment to users, the prospect of revival seems bleak.
Notably, the repayment process would be based on the value of assets held during FTX's bankruptcy, which occurred during a period of crypto market downturn. This context adds complexity to the repayment scenario, as asset values were significantly lower at the time of the exchange's collapse.
Following a court hearing in late January, FTX lawyer Andrew Dietderich conveyed in a now-deleted YouTube video that the exchange would not pursue a relaunch due to the absence of potential buyers. Consequently, the exchange is exploring options to allow creditors to seek approvals from investors seeking reimbursements.
This development raises concerns for the numerous claimants impacted by the exchange's new direction, as they must provide substantial evidence of holding assets in FTX before its collapse.
The recent decline in FTT prices marks a sobering reality for investors, reversing gains from 2023's recovery fueled by FTX 2.0 hopes. FTT's utility in the FTX ecosystem is now under scrutiny, with prices hovering around $1.7, down from previous highs. The charts show a reversal, with $0.95 seen as a critical support level.
Source - newsbtc.com
#CryptoNews #BinanceSquare #cryptocurrency
FTT Meroket Di Tengah Rumor Akuisisi FTX yang Terkait dengan Mantan Presiden NYSE.
Pada hari Kamis, nilai FTT melonjak, meningkat dari titik terendah di awal $1,22 ke puncak $2,38. Yang memicu kenaikan ini adalah pengungkapan yang mengisyaratkan Tom Farley, yang memimpin NYSE Group dari 2014 hingga 2018, sebagai pesaing dalam kelompok calon pembeli FTX.
Spekulasi ini dipicu oleh artikel Wall Street Journal yang mengutip sumber “yang mengetahui masalah tersebut.” Sejak pengumuman tersebut, FTT telah mencatat kenaikan sebesar 82% terhadap dolar, dan lintasan 30 harinya menunjukkan kenaikan sebesar 111,8%.
$485,99 juta, menjadikannya aset kripto yang paling banyak diperdagangkan ke-13 di antara lebih dari 10,000 pesaing. Saat ini, FTT memiliki sekitar 28.713 pemegang, dengan dompet terbesar yang menampung 59,5% dari total volume sirkulasi FTT sebesar 328,89 juta.
Eselon teratas dari 100 pemegang FTT memiliki 98.73% , atau 324,724,765.33 koin FTT pada 9 November 2023. Analisis pasar menunjukkan potensi reli yang berlebihan, dengan indeks kekuatan relatif (RSI) mencapai level tertinggi 86.47, yang dapat menunjukkan potensi kenaikan yang berlebihan. cooldown yang akan segera terjadi.
Osilator Stochastic dan indeks saluran komoditas (CCI) masih menggambarkan dorongan pasar yang kuat, meskipun tidak menentu. Pergerakan FTT di berbagai rata-rata pergerakan menunjukkan bahwa pasar mungkin berada di ambang titik jenuh, kemungkinan menandakan penurunan penilaian FTT di masa mendatang.
Trader disarankan untuk tidak terlalu berhati-hati, karena lonjakan harga FTT yang signifikan sering kali merupakan pertanda akan terjadi perubahan pasar. Pola peningkatan nilai yang tajam diikuti dengan penurunan yang cepat telah diamati sebelumnya dengan rumor FTX 2.0, yang membuktikan siklus “pump and dump”. Misalnya, pada pertengahan April 2023, nilai FTT terhadap dolar melonjak sebesar 70% di tengah pembicaraan mengenai potensi kebangkitan bursa, namun keuntungan tersebut menguap dalam waktu kurang dari seminggu.
#FTT #cryptonews #CryptoFuture
Pada hari Kamis, nilai FTT melonjak, meningkat dari titik terendah di awal $1,22 ke puncak $2,38. Yang memicu kenaikan ini adalah pengungkapan yang mengisyaratkan Tom Farley, yang memimpin NYSE Group dari 2014 hingga 2018, sebagai pesaing dalam kelompok calon pembeli FTX.
Spekulasi ini dipicu oleh artikel Wall Street Journal yang mengutip sumber “yang mengetahui masalah tersebut.” Sejak pengumuman tersebut, FTT telah mencatat kenaikan sebesar 82% terhadap dolar, dan lintasan 30 harinya menunjukkan kenaikan sebesar 111,8%.
$485,99 juta, menjadikannya aset kripto yang paling banyak diperdagangkan ke-13 di antara lebih dari 10,000 pesaing. Saat ini, FTT memiliki sekitar 28.713 pemegang, dengan dompet terbesar yang menampung 59,5% dari total volume sirkulasi FTT sebesar 328,89 juta.
Eselon teratas dari 100 pemegang FTT memiliki 98.73% , atau 324,724,765.33 koin FTT pada 9 November 2023. Analisis pasar menunjukkan potensi reli yang berlebihan, dengan indeks kekuatan relatif (RSI) mencapai level tertinggi 86.47, yang dapat menunjukkan potensi kenaikan yang berlebihan. cooldown yang akan segera terjadi.
Osilator Stochastic dan indeks saluran komoditas (CCI) masih menggambarkan dorongan pasar yang kuat, meskipun tidak menentu. Pergerakan FTT di berbagai rata-rata pergerakan menunjukkan bahwa pasar mungkin berada di ambang titik jenuh, kemungkinan menandakan penurunan penilaian FTT di masa mendatang.
Trader disarankan untuk tidak terlalu berhati-hati, karena lonjakan harga FTT yang signifikan sering kali merupakan pertanda akan terjadi perubahan pasar. Pola peningkatan nilai yang tajam diikuti dengan penurunan yang cepat telah diamati sebelumnya dengan rumor FTX 2.0, yang membuktikan siklus “pump and dump”. Misalnya, pada pertengahan April 2023, nilai FTT terhadap dolar melonjak sebesar 70% di tengah pembicaraan mengenai potensi kebangkitan bursa, namun keuntungan tersebut menguap dalam waktu kurang dari seminggu.
#FTT #cryptonews #CryptoFuture
FTX Issue ! Sam Bankman-Fried 25 Years Prison
Sam Bankman-Fried, the founder of FTX, a major cryptocurrency exchange, has been handed a 25-year prison sentence. He was found guilty of financial fraud and illegal activities associated with cryptocurrency trading. Bankman-Fried's sentencing has sent shockwaves through the cryptocurrency community, given his prominence in the industry. FTX, under his leadership, had become known for its innovative trading features and user-friendly interface.
This development raises concerns about the regulation and oversight of digital asset platforms. The case highlights the potential risks and pitfalls in the rapidly evolving world of cryptocurrency. Investors and users of such platforms are reminded of the importance of due diligence and caution when engaging in digital asset transactions.
Bankman-Fried's downfall serves as a cautionary tale, emphasizing the need for transparency and accountability in the cryptocurrency market. It also underscores the ongoing efforts by regulatory authorities to crack down on illegal activities within the industry, aiming to protect investors and uphold the integrity of financial markets.
$FTT $BTC $BNB
#HotTrends #BTC #FTT #BinanceSquareCreator
Sam Bankman-Fried, the founder of FTX, a major cryptocurrency exchange, has been handed a 25-year prison sentence. He was found guilty of financial fraud and illegal activities associated with cryptocurrency trading. Bankman-Fried's sentencing has sent shockwaves through the cryptocurrency community, given his prominence in the industry. FTX, under his leadership, had become known for its innovative trading features and user-friendly interface.
This development raises concerns about the regulation and oversight of digital asset platforms. The case highlights the potential risks and pitfalls in the rapidly evolving world of cryptocurrency. Investors and users of such platforms are reminded of the importance of due diligence and caution when engaging in digital asset transactions.
Bankman-Fried's downfall serves as a cautionary tale, emphasizing the need for transparency and accountability in the cryptocurrency market. It also underscores the ongoing efforts by regulatory authorities to crack down on illegal activities within the industry, aiming to protect investors and uphold the integrity of financial markets.
$FTT $BTC $BNB
#HotTrends #BTC #FTT #BinanceSquareCreator
Top FTX claim holder Attestor sues seller amid Bitcoin rally
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London-based Attestor has filed a lawsuit against FTX claims seller Lemma after making a 200% profit on the purchased FTX claims stash.
The collapse of the FTX exchange continues to play out in the bankruptcy claims market, with Attestor Capital, a top FTX claim holder, filing a lawsuit against one claim seller.
Attestor is a London-based hedge fund focusing on distressed assets and private equity. The firm has emerged as one of the biggest buyers of FTX’s bankruptcy assets alongside Silver Point Capital and Diameter Capital Partners.
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As of February, Attestor was the largest FTX claims buyer, purchasing at least $400 million worth of claims, according to the Claims Market data.
Cumulative holdings of top six FTX claims holders. Source: Claims Market by Cherokee Acquisition
After making a 200% profit on its FTX claims stash, Attestor filed a lawsuit against Lemma Technologies, the seller of one of the biggest FTX accounts that it purchased, Bloomberg reported on March 18.
According to Attestor, Lemma agreed to sell FTX claims to the company at the price of $58 million in June 2023. The company then backed off from the deal amid soaring cryptocurrency prices, with Bitcoin
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surging nearly 130% over the past year at the time of writing.
Panama-based Lemma eventually decided to keep the claim for itself, Attestor reportedly said in the lawsuit, alleging that that was a clear case of “seller’s remorse.”
According to Bloomberg, Lemma has not publicly explained its side of the case and hasn’t filed a defense against Attestor’s New York suit.
Lemma won’t “proceed with the transactions or otherwise honor the trade confirmations,” Attestor lawyers said in their filing, “unless compelled by force of law to do so.”
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Cointelegraph approached Attestor and Lemma for a comment regarding the lawsuit but had yet to receive a response at the time of publication.
While Lemma is facing a new lawsuit in New York, one of its key people has also faced legal issues in South Korea.
Lemma’s principal investor, Junho Bang, is accused of stealing digital assets from the collapsed crypto lending firm Haru Invest and was reportedly indicted by South Korean authorities after being arrested in January.
As Cointelegraph previously reported, Haru Invest ran a cryptocurrency yield platform, promising investors 12% yearly on cryptocurrency deposits. The platform abruptly suspended withdrawals in June 2023, citing issues with service partners.
South Korean prosecutors subsequently arrested Haru Invest’s CEO and two other executives for stealing $830 million from thousands of customers.
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#Bitcoin #Altcoin #Cryptocurrency #FTX #FTT $FTT
London-based Attestor has filed a lawsuit against FTX claims seller Lemma after making a 200% profit on the purchased FTX claims stash.
The collapse of the FTX exchange continues to play out in the bankruptcy claims market, with Attestor Capital, a top FTX claim holder, filing a lawsuit against one claim seller.
Attestor is a London-based hedge fund focusing on distressed assets and private equity. The firm has emerged as one of the biggest buyers of FTX’s bankruptcy assets alongside Silver Point Capital and Diameter Capital Partners.
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As of February, Attestor was the largest FTX claims buyer, purchasing at least $400 million worth of claims, according to the Claims Market data.
Cumulative holdings of top six FTX claims holders. Source: Claims Market by Cherokee Acquisition
After making a 200% profit on its FTX claims stash, Attestor filed a lawsuit against Lemma Technologies, the seller of one of the biggest FTX accounts that it purchased, Bloomberg reported on March 18.
According to Attestor, Lemma agreed to sell FTX claims to the company at the price of $58 million in June 2023. The company then backed off from the deal amid soaring cryptocurrency prices, with Bitcoin
Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On ChikaMoji.lol
surging nearly 130% over the past year at the time of writing.
Panama-based Lemma eventually decided to keep the claim for itself, Attestor reportedly said in the lawsuit, alleging that that was a clear case of “seller’s remorse.”
According to Bloomberg, Lemma has not publicly explained its side of the case and hasn’t filed a defense against Attestor’s New York suit.
Lemma won’t “proceed with the transactions or otherwise honor the trade confirmations,” Attestor lawyers said in their filing, “unless compelled by force of law to do so.”
Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On ChikaMoji.lol
Cointelegraph approached Attestor and Lemma for a comment regarding the lawsuit but had yet to receive a response at the time of publication.
While Lemma is facing a new lawsuit in New York, one of its key people has also faced legal issues in South Korea.
Lemma’s principal investor, Junho Bang, is accused of stealing digital assets from the collapsed crypto lending firm Haru Invest and was reportedly indicted by South Korean authorities after being arrested in January.
As Cointelegraph previously reported, Haru Invest ran a cryptocurrency yield platform, promising investors 12% yearly on cryptocurrency deposits. The platform abruptly suspended withdrawals in June 2023, citing issues with service partners.
South Korean prosecutors subsequently arrested Haru Invest’s CEO and two other executives for stealing $830 million from thousands of customers.
Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On ChikaMoji.lol
#Bitcoin #Altcoin #Cryptocurrency #FTX #FTT $FTT
$FTT giving us positive vibe. There lots of dealing coming. April month will be the biggest bull run for FTT users. Can't wait to see you guys happy.
Good luck you all!
Follow me for more updates.
#FTT
Good luck you all!
Follow me for more updates.
#FTT
FTX Reportedly Seeking to Relaunch
The controversial cryptocurrency exchange, FTX, is reportedly set to explore a relaunch. Specifically, The Wall Street Journal reported that the new management group at the firm has begun to listen to proposal submissions from parties interested in restarting the exchange.
The downfall of FTX represented one of the largest financial crimes in history. Moreover, customers had seen their funds misused by the once-trusted firm, which collapsed in November of last year. However, amidst its ongoing bankruptcy proceedings, it is reportedly opting to restart operations.
FTX Listening to Proposals for a Relaunch
There are a few scandals in the digital asset industry that match the levity of FTX. Once perceived as a pillar of strength within the sector, the exchange was exposed as a massive fraud scheme. Subsequently, new investigative reports have only reaffirmed just how bad the criminal activity was.
However, according to the Wall Street Journal’s newest report, FTX is set to commence a relaunch. Indeed, the exchange is reportedly hearing from interested parties this week. Therefore, new CEO John J. Ray IIIhas confirmed the exchange is embracing a reboot of its operations.
The team is currently in discussions with investors and observing potential structures. Now, the exchange is looking at a potential joint venture, the report stated. Conversely, the report noted that FTX would require a rebrand to be included in any restart. Additionally, it has stated its desire for existing users to have a stake in what could come of a relaunch.
The company has been in the midst of rather convoluted bankruptcy proceedings. Moreover, it certainly would require a rebrand to have any chance at success in the modern market. Additionally, questions of regulatory compliance would need to be answered.
Yet, with a change in leadership, it would be interesting to observe how a new entity would distance itself from the harm caused by the FTX company. However, it certainly would have a difficult time maneuvering out from behind the shadow of Sam Bankman-Fried.
Follow us for more updates!!
#FTT #FTX #crypto2023 #crypto
The downfall of FTX represented one of the largest financial crimes in history. Moreover, customers had seen their funds misused by the once-trusted firm, which collapsed in November of last year. However, amidst its ongoing bankruptcy proceedings, it is reportedly opting to restart operations.
FTX Listening to Proposals for a Relaunch
There are a few scandals in the digital asset industry that match the levity of FTX. Once perceived as a pillar of strength within the sector, the exchange was exposed as a massive fraud scheme. Subsequently, new investigative reports have only reaffirmed just how bad the criminal activity was.
However, according to the Wall Street Journal’s newest report, FTX is set to commence a relaunch. Indeed, the exchange is reportedly hearing from interested parties this week. Therefore, new CEO John J. Ray IIIhas confirmed the exchange is embracing a reboot of its operations.
The team is currently in discussions with investors and observing potential structures. Now, the exchange is looking at a potential joint venture, the report stated. Conversely, the report noted that FTX would require a rebrand to be included in any restart. Additionally, it has stated its desire for existing users to have a stake in what could come of a relaunch.
The company has been in the midst of rather convoluted bankruptcy proceedings. Moreover, it certainly would require a rebrand to have any chance at success in the modern market. Additionally, questions of regulatory compliance would need to be answered.
Yet, with a change in leadership, it would be interesting to observe how a new entity would distance itself from the harm caused by the FTX company. However, it certainly would have a difficult time maneuvering out from behind the shadow of Sam Bankman-Fried.
Follow us for more updates!!
#FTT #FTX #crypto2023 #crypto
Market FUD Alert: Massive #FTX Cold Storage Transfer
In a recent development, a substantial amount of 538,333.67 #RAY tokens, equivalent to a staggering $705,266.63,
Has been transferred to the address
2bKhVbYLzeEyd82jaTjaReFJnpXAkQNtAs7Q8UDeoQPz (https://solscan.io/address/2bKhVbYLzeEyd82jaTjaReFJnpXAkQNtAs7Q8UDeoQPz).
This unexpected move has sent shockwaves through the cryptocurrency market, prompting investors to scrutinize the implications and potential repercussions.
The transfer, documented on Solana's blockchain, raises numerous questions about the motive behind such a significant movement of assets. Analysts and traders are speculating on the possible impact this transfer might have on the market, particularly for the Solana ecosystem.
The involvement of #solana adds another layer of complexity to the situation. Investors and onlookers are closely monitoring the
address (https://solscan.io/tx/4vYejDfk5Z4pyQPBi1WCt5977mRje8rrESp6TUMBgzrhBoL6aEYqw57kPM7BAHoZbi9o6PW5hyHMjEdnC5Z7wLv5)
for any further transactions or activities that may provide insights into the intentions of the entities involved.
Such large-scale transfers from cold storage to other addresses often trigger fears of potential market manipulation or a significant sell-off. Traders are advised to exercise caution and stay vigilant in the face of uncertainty. Market sentiments may experience turbulence as the community awaits more information and clarity regarding the implications of this notable transaction.
It is essential for participants in the crypto space to stay informed and rely on verified sources for updates, as sudden movements of this nature can have a profound impact on asset prices and overall market dynamics. As the situation unfolds, market participants will be closely monitoring the aftermath and adjusting their strategies accordingly.
#FTXExploiter #FTT #FTX $FTT
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!😇😇
Has been transferred to the address
2bKhVbYLzeEyd82jaTjaReFJnpXAkQNtAs7Q8UDeoQPz (https://solscan.io/address/2bKhVbYLzeEyd82jaTjaReFJnpXAkQNtAs7Q8UDeoQPz).
This unexpected move has sent shockwaves through the cryptocurrency market, prompting investors to scrutinize the implications and potential repercussions.
The transfer, documented on Solana's blockchain, raises numerous questions about the motive behind such a significant movement of assets. Analysts and traders are speculating on the possible impact this transfer might have on the market, particularly for the Solana ecosystem.
The involvement of #solana adds another layer of complexity to the situation. Investors and onlookers are closely monitoring the
address (https://solscan.io/tx/4vYejDfk5Z4pyQPBi1WCt5977mRje8rrESp6TUMBgzrhBoL6aEYqw57kPM7BAHoZbi9o6PW5hyHMjEdnC5Z7wLv5)
for any further transactions or activities that may provide insights into the intentions of the entities involved.
Such large-scale transfers from cold storage to other addresses often trigger fears of potential market manipulation or a significant sell-off. Traders are advised to exercise caution and stay vigilant in the face of uncertainty. Market sentiments may experience turbulence as the community awaits more information and clarity regarding the implications of this notable transaction.
It is essential for participants in the crypto space to stay informed and rely on verified sources for updates, as sudden movements of this nature can have a profound impact on asset prices and overall market dynamics. As the situation unfolds, market participants will be closely monitoring the aftermath and adjusting their strategies accordingly.
#FTXExploiter #FTT #FTX $FTT
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!😇😇
