FTX bankruptcy attorneys stated that FTX is expected to fully repay cryptocurrency customer assets in the bankruptcy liquidation. In addition, due to a lack of buyers, FTX also abandoned its relaunch plans. Following these developments, FTT, the native token of the stock exchange, saw a sharp decline.
Cryptocurrency exchange gave the sad news, the token fell off the cliff!
FTX, the bankrupt cryptocurrency exchange founded by Sam Bankman-Fried, will fully refund its customers, a court heard. According to Reuters, based on lawyers, the exchange also gave up efforts to restart the platform due to a lack of buyers. cryptokoin.comAs you follow from , the events that followed the dramatic collapse of FTX left their mark on the market for a while. The court found former CEO Bankman-Fried guilty last year of stealing customers’ money before the collapse in late 2022.
Following the news, FTT, the native token of the FTX exchange, saw a sharp decline. The token fell to $2.26 with a vertical decline from $2.97, where it rose during the day. At the time of writing, the cryptocurrency was trading at $2.32, losing approximately 15% on a daily basis.
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