Remove topic binance
article thumbnail

Did the FTX Bankruptcy Kill the Crypto Star?

Brian DeChesare

The specific catalyst was that the CEO of a rival exchange, Binance, announced that his firm would sell all its “FTT” tokens, which led to FTX customers panicking and attempting to withdraw more money than FTX had available. It sounds like an insane conspiracy theory, but it happened at FTX. billion of illiquid crypto tokens, $3.2

article thumbnail

What's Going To Happen To All The Companies FTX Bought?

Benzinga

FTX founder and former CEO Sam Bankman-Fried announced via Twitter Friday that FTX US, FTX Trading, quantitative research firm Alameda Research and 130 additional affiliated companies to the FTX Group have commenced voluntary proceedings under Chapter 11 bankruptcy.

article thumbnail

Sam Bankman-Fried's FTX, Binance Reportedly In The Lead To Buy Voyager Digital's Assets

Benzinga

OTC: VYGVQ ) have attracted the highest bids from cryptocurrency exchanges FTX and Binance , according to the Wall Street Journal , which cited persons familiar with the situation. The assets of defunct cryptocurrency lender Voyager Digital Ltd.