on 11 November and stated that it had given no instructions nor allowed FTX to prioritize withdrawals for customers in the country.Kraken, a cryptocurrency exchange based in the United States, had also announced that it cooperated with authorities and froze the accounts of FTX Group, Alameda Research, and their management.
At the time of writing, the token was trading for about $1.50, a decrease from its initial value of over $25.The FTX saga has been going on for the past week, and there seem to be fresh developments every day. Every alteration surrounding the exchange raises the possibility of the opening of additional Pandora boxes, and the crypto community can only prepare for the consequences. However, FTT holders can only be optimistic because it doesn’t yet appear that an end is in sight yet.
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