The Collapse Of FTX Empire – After FTX Went Bankrupt | Part 3

The collapse of FTX has left many serious consequences for the crypto market. At the same time, After FTX went bankrupt, Binance also affirmed its leading position in the market.

For more information about the drama between FTX and Binance. You can read this article. In addition, Coincu News has also published articles around Justin Sun’s reactions before FTX went bankrupt. You can read the article here.

FTX Has Been Hacked, Mysterious Outflows Totaling More Than $600M

More than $600 million in cryptocurrency vanished from the wallets of the defunct cryptocurrency corporation FTX, with no obvious reason given. After that, SBF announced that it had been hacked in its official Telegram channel and advised users not to install any new updates.

Binance Has Stopped FTT Deposit

After around $400 million worth of the tokens were distributed ahead of schedule, cryptocurrency exchange Binance banned FTT deposits on Sunday.

Binance has Removed 4 FTT Related Spot Trading Pairs And Stop Trading

Binance withdrew and stopped trading FTT/BNB, FTT/BTC, FTT/ETH, FTT/USDT spot trading pairs at 4:30 (UTC) on November 15, after FTX Went Bankrupt. To get more detail information, you can read the article here: 

Binance Created Industry Recovery Fund To Help Potential Projects During Liquidity Crisis

Binance CEO Changpeng Zhao tweeted that to alleviate the negative impact of FTX, Binance is establishing an industry recovery fund to help good projects that are struggling with liquidity.

CZ Wrote 6 Principles Of For Centralized Exchanges

After FTX Went Bankrupt, the CEO of Binance gave 6 principles that Binance and centralized exchanges should adopt to ensure trust with users.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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