Bitcoin $93,229.32 -5.49%
Ethereum $3,350.87 -3.69%
BNB $625.18 -7.17%
Optimism $2.18 -3.97%
Arbitrum $0.87 -2.36%
Solana $233.07 -8.89%
Polygon $0.53 -9.83%
Cosmos $7.92 -10.00%
Avalanche $40.13 -13.83%

Bitcoin $93,229.32 -5.49%
Ethereum $3,350.87 -3.69%
BNB $625.18 -7.17%
Optimism $2.18 -3.97%
Arbitrum $0.87 -2.36%
Solana $233.07 -8.89%
Polygon $0.53 -9.83%
Cosmos $7.92 -10.00%
Avalanche $40.13 -13.83%

FTX Token Slumps Into Abyss As Sam Bankman-Fried Gets Arrested

Upon the news that the founder of the collapsed crypto trading platform FTX has been arrested, many cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) included, are recording modest gains, whereas FTX Token (FTT), the native token of the crypto derivatives trading platform, keeps losing ground.

Indeed, after all the major media reported on Sam Bankman-Fried’s arrest in the Bahamas, the native token of his crypto exchange has been recording continuous losses, declining 8.44% on the day and going further down, as per data retrieved on December 13.

(By Ana Nicenko)

Related News:

FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation

US Government files charges against Sam Bankman-Fried

Sam Bankman-Fried arrested in the Bahamas, expected to be extradited to U.S.

What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List

Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in the Bahamas

SBF Charged With Conspiracy, Wire Fraud, Money Laundering by Justice Department, Securities Violations by SEC

Sam Bankman-Fried Blames CZ For The FTX Collapse

FTX Token

FTX Token $2.28

FTT FTX Sam Bankman-Fried

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