ftt

House Financial Services Committee Holds Hearing On FTX Collapse
FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital
Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475 million in 2022. The recovery includes $404 million in cash.
House Financial Services Committee Holds Hearing On FTX Collapse

Large buy and sell orders in FTT now appear evenly balanced (Kaiko Research)
FTT Order Flow Fairly Balanced After 150% Rally, but Liquidity Remains Thin
Price "takers" have been placing large market buy orders at the same pace as market sell orders, data from Kaiko Research shows.
Large buy and sell orders in FTT now appear evenly balanced (Kaiko Research)

dirty, clean (Shutterstock)
OKX Publishes Proof-of-Reserves Report Showing $7.5B in ‘Clean Assets’
The report shows reserves are largely spread among bitcoin, ether and USDT.
dirty, clean (Shutterstock)

CDCROP: Space shuttle launching into space rocket (WikiImages/Pixabay)
Beaten-Down FTT, Serum Tokens Lead Altcoin Rally, Triggering Short Squeeze
Traders liquidated some $245 million worth of short positions, according to Coinglass.
CDCROP: Space shuttle launching into space rocket (WikiImages/Pixabay)

FTX Logo (Unsplash)
FTX's Blockfolio Stake Was Paid for Mostly in FTT: Bloomberg
Around 94% of the $84 million FTX paid for its majority stake in Blockfolio was in the FTT token it invented.
FTX Logo (Unsplash)

FTX app
SEC Calls FTT Exchange Token a Security
The complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.
FTX app

FTT tokens surged Dec. 9 to highest since Nov. 16
FTX Revival Proposal Supported by Sam Bankman-Fried Lifts FTT Token
The crypto exchange's founder tweeted his support for influencer Ran Neuner's revival idea, sending the battered tokens as much as 47% higher.
FTT tokens surged Dec. 9 to highest since Nov. 16

Markets Daily Podcast Cover
Weekend Story: What Is a Crypto Exchange Token and How Did It Help Blow up FTX?
On today’s show we’re taking a look at exchange tokens, what they are, and how their mis-use looks to have driven the collapse of FTX, courtesy of CoinDesk’s Chief Insights Columnist, David Z. Morris.
Markets Daily Podcast Cover

CDCROP: AI Artwork Sam Bankman-Fried SBF in Prison concept (Midjourney/CoinDesk)
FTX’s Collapse Was a Crime, Not an Accident
Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes.
CDCROP: AI Artwork Sam Bankman-Fried SBF in Prison concept (Midjourney/CoinDesk)

CDCROP: Falling coins (Getty Images)
Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%
The FTT token, along with Serum's SRM and Solana's SOL, plunged amid the dramatic collapse of Sam Bankman-Fried's FTX exchange. Bitcoin had its worst loss in five months.
CDCROP: Falling coins (Getty Images)