According to data from the most recent Bloomberg Terminal, updated on November 8th, FTX CEO Sam Bankman-Fried’s net worth underwent a stinging downfall. In the last couple of days, FTX went through a rollercoaster of emotions after its competitor, Binance announced that the exchange would be liquidating FTT assets in the near future. $280-Million lost […]
About: FBustos
Posts by FBustos:
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Sam Bankman-Fried’s Net Worth Falls To US$991M, No Longer A Billionaire
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Official Takeover: Binance Now Buying FTX
Binance, the world’s largest cryptocurrency exchange, reached an agreement to acquire its competitor FTX. This week, Bankman-Fried’s exchange experienced a major liquidity crisis after Binance decided to liquidate the exchange’s token, FTT. For this reason, Binance may be forced its hand on devaluing FTX’s price, ahead of the acquisition. The transaction is the largest consolidation […]
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Bitcoin At A 2-Year Low After FTX Fallout
After Binance’s decision to liquidate FTX holdings, Bitcoin – along with the majority of the world’s top ten cryptocurrencies – went on a steep decrease in value in the past 48 hours. The decline is a reaction to the announcement made on Sunday by the CEO of the world’s largest cryptocurrency exchange. On this occasion, […]
