According to Bloomberg’s report, FTX investors, cryptocurrency It has been warned that its stock market may have to file for bankruptcy if it does not provide cash flow.
The Company Doesn’t Look Like Things Gone After Binance Abandoned Its Acquisition of the FTX Exchange
The news comes after reports that Binance broke its earlier promise to buy this troubled trading empire after looking at its records.
Binance made the following statement on the subject:
“Every time a major player in an industry fails, individual consumers will suffer. We have seen the crypto ecosystem become more resilient over the last few years and we believe that over time, outliers that abuse user funds will be weeded out by the free market.”
Binance CEO Changpeng Zhao recently tweeted that he was very sorry about the issue and did his best.
Bloomberg reported that the FTX cryptocurrency exchange is facing an $8 billion deficit.
The worsening with FTX comes after CoinDesk reported some downsides regarding the financial situation of Alameda Research, owned by Sam Bankman-Fried.
Making a statement on the subject, founder Sam Bankman-Fried said that all assets in the stock market are safe and they do not make any transactions with customer funds. However, SBF aroused suspicion by later deleting these Tweets.
Currently, the main web page of FTX cannot be accessed. Access to other companies Alameda Research and FTX Ventures was cut off earlier.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!