#ftx blockfolio

[bitcoinworldd]

Comparing Coin Market Cap with Other Crypto Tracking Platforms

Introduction

In the fast-paced world of bitcoin, both investors and traders require reliable and timely data. Coin Market Cap has emerged as one of the most popular sites for monitoring cryptocurrency prices, market capitalizations, and general market trends. To discover which crypto tracking platform is best for you, compare Coin Market Cap to CoinGecko, CryptoCompare, and Blockfolio.

Overview of Coin Market Cap.

Coin Market Cap, which launched in 2013, immediately became a popular site for cryptocurrency fans. It offers customers a comprehensive perspective of the cryptocurrency market, including real-time data on thousands of currencies and tokens. Users get easy access to price charts, market capitalization numbers, trading volumes, and historical data This makes it a powerful decision-making tool.

One of Coin Market Cap's distinguishing qualities is its user-friendly interface, which allows users to filter and sort cryptocurrencies based on a variety of factors such as price movements, volume, and market capitalization rankings. It also provides instructional tools and a news section to keep readers up to date on the most recent events in the cryptocurrency field.

Comparison to CoinGecko

CoinGecko is frequently regarded as one of Coin Market Cap's closest competitors. CoinGecko, which was launched immediately after Coin Market Cap, provides comparable functionality while adding some new features. For example, CoinGecko offers thorough insights on each cryptocurrency's developer activity, community involvement, and liquidity, which can be useful in determining a coin's potential.

Furthermore, CoinGecko offers a powerful portfolio tracking feature, which enables users to control and track their finances in one location. It also supports a broader range of coins and tokens, including decentralized finance (DeFi) initiatives, which may appeal to consumers interested in exploring the expanding DeFi market.

CryptoCompare focuses on data.

CryptoCompare separates out by taking a more data-driven approach. In addition to price and market cap information, CryptoCompare provides in-depth research, historical data, and tools for comparing several cryptocurrencies side by side. This makes it a good choice for traders who wish to do extensive technical analysis prior to making investing decisions.

CryptoCompare also includes unique features such as cryptocurrency mining calculators and hardware comparisons, catering to a specific audience interested in the mining element of the cryptocurrency ecosystem. However, its interface could be less user-friendly compared to CoinMarketCap and CoinGecko.

Blockfolio:

Blockfolio, often known as FTX, offers a different strategy, focusing mostly on portfolio management. It allows users to monitor their bitcoin assets in real time and receive notifications of price fluctuations, news updates, and other important information. While Blockfolio includes some price tracking functions, it does not provide as much market-wide data as Coin Market Cap or CoinGecko.

Blockfolio provides a streamlined experience that stresses simplicity and accessibility for consumers who are more interested in managing their investments than in conducting market research. Its mobile app is especially popular, as it allows users to check their portfolios while on the go.

Conclusion

While Coin Market Cap is a key platform for monitoring cryptocurrency prices, According to industry data, some alternative options have distinct features that may better suit individual preferences and needs. CoinGecko offers additional insights and portfolio tracking, whereas CryptoCompare targets data-driven traders with in-depth analytical tools. For individuals who are more interested in investment management, Blockfolio provides an easy way to track portfolios.

[ailtrahq]

FTX confirmed that the breach affected none of its systems. The exchange launched the customer claims portal on 11 July, but it inexplicably went offline within an hour Bankrupt cryptocurrency exchange FTX has taken steps to bolster the security of its customer claims portal following a cyber breach. This has allowed claimants to continue submitting claims for assets held on the exchange before it went insolvent. According to FTX, none of its systems were affected by the breach, which targeted its appointed bankruptcy claims agent, Kroll. The breach exposed non-sensitive customer data for specific claimants, with FTX emphasizing that account passwords and funds remain unaffected. FTX provided the following update regarding the recent Kroll cybersecurity incident. Claimants may now resume activities on our platform: https://t.co/DkYi2hDLbI. pic.twitter.com/Nfob4QQxjv — FTX (@FTX_Official) September 16, 2023 Enhanced measures and progress on assets Account holders can now access their accounts and proceed with the claims process for digital assets held on the platform prior to its declaration of bankruptcy in November 2022. This applies to individuals who held accounts with FTX, FTX.US, Blockfolio, FTX EU, FTX Japan, and Liquid. As of 11 September, approximately 36,075 customer claims worth $16 billion had been filed against FTX and FTX.US, with 10% of these claims having been approved. Additionally, 2,300 non-customer claims totaling $65 billion had been filed, including claims from Genesis, Celsius, and Voyager. FTX clarified that freezing the accounts had been a precautionary measure. It added that it has implemented additional security measures since then. The exchange took these actions in response to several issues reported with the claims portal recently. FTX launched the customer claims portal on 11 July. However, it inexplicably went offline within an hour of its launch. On 27 August, FTX temporarily suspended accounts for affected users who accessed its claims portal after the initial discovery of the cybersecurity attack against Kroll. Despite the suspension, users were still able to submit proof-of-claim via Kroll’s online customer form and by mail. In another related development, the U.S. Bankruptcy Court for the District of Delaware recently approved the sale of FTX’s digital assets. Judge John Dorsey issued a ruling on 13 September, permitting FTX to sell assets in weekly batches, subject to strict conditions, through an investment adviser. The initial week has a $50 million limit, followed by $100 million in subsequent weeks. However, FTX remains prohibited from selling its Bitcoin [BTC], Ethereum [ETH], and “certain insider-affiliated tokens” without a separate decision, following a 10-day notice to committees and the U.S. trustee. Source

[virginiaprelawland]

Sam Bankman-Fried And The Downfall Of FTX

By Elizabeth Wolnik, George Mason University Class of 2024

February 26, 2023

Sam Bankman-Fried is one of the most famous finance, cryptocurrency entrepreneurs, and political donors [1] of this generation with a net worth of over $26 billion [3]. Much, if not all, of Bankman-Fried’s net worth was directly tied to the value of FTX and its FTT token. Now he is most well-known for causing investors to lose billions in an alleged Ponzi scheme. Bankman-Fried graduated from Massachusetts Institute of Technology in 2014 with a degree in physics and a minor in mathematics. After graduating, Bankman-Fried worked for Jane Street Capital which focuses on proprietary trading and where Bankman-Fried traded ETFs (exchange-traded funds) [2]. He left in 2017 to focus on crypto trading and to start his own company, Alameda Research. Alameda Research is a quantitative trading firm and was instantly a success, making millions of dollars every day by trading cryptocurrency in international markets. In 2019, Bankman-Fried founded the exchange known as FTX which quickly became one of the world’s largest crypto exchanges [3].

Bankman-Fried capitalized on the growing popularity of cryptocurrency that arose when the pandemic started. Because Bankman-Fried had made a name for himself with Alameda Research, the growth of FTX was very fast [4]. FTX specialized in derivatives and leveraged tokens in cryptocurrency. Its headquarters was in the Bahamas, but US residents could only trade through FTX US [6]. Initial investors of FTX included Pantera Capital, Sequoia Capital, Digital Currency Group and many more [4]. Over a year after its release, FTX launched "fractionalized stock trading” for companies like Tesla, Apple, and Amazon. In 2021 FTX focused on its branding by making deals with major sports stars like Tom Brady and Steph Curry. Because of the intense popularity of FTX, it is not surprising that they saw nearly $30 billion in daily volume as the second largest crypto exchange worldwide [4].

Through FTX, Bankman-Fried was also known for supporting struggling crypto companies. In 2020, FTX acquired the Blockfolio exchange for $150 million which led FTX’s user base to increase [3]. Bankman-Fried also saved the crypto exchange company BlockFi from a major liquidity crisis. He also bought the crypto lending platform Voyager and LedgerX, but LedgerX was never fully integrated into FTX. In 2021, Bankman-Fried also bought out all of Binance’s equity shares in the company [4]. Bankman-Fried used the power of acquisition for FTX’s users to view him as a strong foundation in the unstable world of cryptocurrency [3].  At the beginning of 2022, investors valued FTX at $40 billion [2].

In November 2022, FTX’s collapse was becoming imminent. On November 2, a report by crypto news site CoinDesk revealed that most of the cash being held by FTX was in the form of its own FTT token, which it centrally controls. The report also highlighted concerns pertaining to FTX’s leverage and solvency concerns with Alameda Research [5]. At this point, FTX users began to withdraw their investments rapidly which caused Bankman-Fried to file for Chapter 11 bankruptcy for both FTX and Alameda Research [2], since there were now accusations of commingled funds between the two companies [4]. The court then appointed a new CEO of FTX to replace Bankman-Fried [5].

Soon after this report came to light, FTX’s rival Binance announced that they would sell all of their FTT tokens [3]. This announcement caused the price of FTT to be pushed down and it tore through the rest of the cryptocurrency markets. It was also allegedly reported that Bankman-Fried attempted to save FTX by initiating an overnight deal to raise billions of dollars. The day after, between $1 and $2 billion in FTX customer funds went missing. FTX stated that they were investigating these “unauthorized transactions” after people watching the blockchain identified the money and saw it disappear [3]. On December 12 Bankman-Fried was arrested in the Bahamas where he was living at the time and was extradited to the United States [5]. On November 30, Bankman-Fried said in an interview that FTX’s collapse was due to sloppy accounting and not due to criminal activity. Bankman-Fried continued to feign ignorance of the allegations of commingled funds between FTX and Alameda Research by stating that he didn’t “knowingly” commingle the funds. On December 21, Bankman-Fried appeared before a federal judge for his court hearing. Bankman-Fried received the largest bond in history, at $250 million. Those who invested in FTX are likely to never recover the funds lost in its collapse [3].

In order to understand the depths of the downfall of FTX and for the public to be made aware of this, it’s important to cover the aspects of the crimes Bankman-Fried is alleged to have committed.

Bankman-Fried is accused of operating FTX as a Ponzi scheme. A Ponzi scheme is a type of investment fraud that pays existing investors money collected from new investors [9]. People who organize Ponzi schemes promise to invest a person’s money with high returns and little risk involved. In most cases, individuals who are running a Ponzi scheme do not even invest the money given to them by new investors, they just use it to pay those who invested earlier and even keep some for themselves. Ponzi schemes require a constant flow of income in order to remain operational. Ponzi schemes tend to collapse when it becomes harder to recruit new investors or when current investors cash out [9].

FTX is considered a crypto hedge fund, so it’s important to discuss hedge funds in the context of its downfall. Hedge funds are limited partnerships of private investors whose money is managed by professional fund managers who use leveraging techniques to earn exponential amounts of money [7]. Hedge funds are considered a risky investment decision since it’s common to trade non-traditional assets like crypto or bitcoin. Due to its high-risk nature of hedge funds, it usually attracts wealthy clients. Investments into hedge funds are considered illiquid because it requires investors to keep their money in the fund for at least a year before they can make withdrawals. Hedge funds are not strictly regulated by the Securities and Exchange Commission (SEC), and can only accept money from accredited investors, like those who make more than $200,000 per year [7].

Chapter 11 bankruptcy is also known as “reorganization” bankruptcy. Usually, the person in debt can remain in possession of their assets and has the powers of a trustee and may continue to operate their business and can even borrow more money with court approval [8]. Chapter 11 bankruptcies begin with a filing of a petition with the bankruptcy court serving the area where the debtor has residence or where their main place of business is. Chapter 11 bankruptcies can be involuntary or involuntary and the debtor must file in-depth reports of their assets and liabilities, reports of their current income and expenditures, schedules of executory contracts and expired leases, and a statement of financial affairs. Because a corporation is considered a separate entity from its owners and stockholders, Chapter 11 bankruptcy is typically used to reorganize a business [8].

Commingled funds are the mixing of personal and business funds or involve using business assets for personal reasons [10]. This is a serious breach of trust and it makes it difficult to determine which funds belong to a company and which funds are personal. This opens a person up to civil liabilities and in the case of an alleged fraud circumstance, they could face jail time. Many creditors make an argument for commingled funds when there is not a separate entity and that a person’s “business” is just another feature of them, which does not protect them from limited liabilities [10].

With all of these aspects investigated in Bankman-Fried’s case, he has been indicted with eight criminal fraud charges and additional accusations [3]. The accusations include statements from the Commodity Futures Trading Commission that state that Bankman-Fried manipulated the price of the FTT token intentionally. His co-workers Caroline Ellison (CEO of Alameda Research) and Gary Wang (co-founder of FTX) have pleaded guilty to defrauding investors and have agreed to help with the investigation. Bankman-Fried vehemently denies that he committed any crimes even though the US Attorney of the Southern District of New York Damian Williams has called Bankman-Fried’s actions “one of the biggest financial frauds in American history” [3].

As of February 9, 2023, a US judge has extended the bail on Bankman-Fried’s ability to contact his ex-employees and use encrypted messaging technology while out on bail awaiting trail on the fraud charges [1]. This occurred after US District Judge Lewis Kaplan temporarily banned Bankman-Fried from contacting any current or former employees of FTX and Alameda Research. Prosecutors have even raised concerns that Bankman-Fried might be trying to tamper with witnesses, but as a condition of his release on the $250 million bond, the judge prevented Bankman-Fried from using any encrypted messaging apps for communication. However, one of the prosecutors on the case, Danielle Sassoon said “We don’t want to completely eliminate the defendant’s ability to communicate”, so Bankman-Fried is still allowed to use some communication apps but is required to install monitoring technology [1].

The prosecution is accusing Bankman-Fried of cheating investors and costing them billions of dollars in losses [1]. Bankman-Fried pleaded not guilty on January 3, 2023 to all eight criminal indictments, including wire fraud and a money laundering conspiracy. If convicted, he faces up to 115 years in prison. Bankman-Fried’s trial is set for October 2, 2023 [4].

______________________________________________________________

[1] https://www.reuters.com/legal/us-judge-weigh-changes-ftx-founder-bankman-frieds-bail-terms-2023-02-09/

[2] https://www.forbes.com/profile/sam-bankman-fried/?sh=540ad3d54449

[3] https://www.investopedia.com/who-is-sam-bankman-fried-6830274

[4] https://decrypt.co/118516/sam-bankman-fried-ftx-latest-timeline

[5] https://www.investopedia.com/what-went-wrong-with-ftx-6828447#:~:text=3.-,What%20Happened%20to%20FTX,the%20native%20token%20of%20FTX

[6] https://www.investopedia.com/ftx-exchange-5200842

[7] https://www.investopedia.com/terms/h/hedgefund.asp#:~:text=A%20hedge%20fund%20is%20a,earn%20above%2Daverage%20investment%20returns.

[8] https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

[9] https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme

[10] https://watkinsfirm.com/commingling-funds-assets/

[troncelliti]

"Blockfolio is partnering with the FTX Foundation ( https://ftx.com/foundation ) to donate $15,000. Which charity should we donate to? ACLU The American Civil Liberties Union fights to defend and ..." via @blockfolio # $ https://blockfolio.com/team/blockfolio/signal/T5jKfTq9nC

[thecryptoreport]

Blockfolio Apologizes After Racist Terms Posted in Portfolio App

Blockfolio Apologizes After Racist Terms Posted in Portfolio App

Blockfolio has apologized after racist posts were distributed over its cryptocurrency portfolio and news app. Overnight, at least two messages purporting to be from major cryptocurrency platforms were posted containing racist terms of abuse via “Signals” – Blockfolio’s communications feed aimed to allow token projects to “connect and engage with their communities.” In a tweet Tuesday morning,…

[stefandeepmusic]

FTX buying Blockfolio continues consolidation trend in crypto industry

FTX buying Blockfolio continues consolidation trend in crypto industry

[ad_1]

The past few months have seen a number of major crypto companies facilitate some serious big-money acquisitions. For example, on Aug. 25, blockchain software firm ConsenSys bought out JP Morgan’s enterprise-variant of the Ethereum blockchain Quorum. Similarly, earlier this year, global cryptocurrency exchange Binanceannounced that it was acquiring CoinMarketCap, one of the most referenced…

[inventivaindia]

Cryptocurrency exchange FTX acquires portfolio tracker Blockfolio

Cryptocurrency exchange FTX acquires portfolio tracker Blockfolio

FTX, a cryptocurrency exchange that offers derivatives, options and other sophisticated products, is acquiring a popular portfolio tracking app, Blockfolio.

FTX is spending $150 million for the acquisition. But take that price with a grain of salt as it’s a combination of cash, cryptocurrency and stock. Cryptocurrency (and stock) in particular might not be perfectly liquid.

While an exchange…

[ajayuikey]

Cryptocurrency exchange FTX acquires portfolio tracker Blockfolio – TechCrunch FTX, a cryptocurrency exchange that offers derivatives, options and other sophisticated products, is acquiring a popular portfolio tracking app, …

[ailtrahq]

Bankrupt cryptocurrency exchange FTX has restored its customer claims portal, which was previously shut down due to a cyber attack. Claimants can now continue to submit asset claims they held on the exchange prior to it becoming insolvent. On September 16, FTX made a statement on X (formerly Twitter), confirming that none of its systems were affected by the cyber breach involving its appointed bankruptcy claims agent, Kroll. FTX provided the following update regarding the recent Kroll cybersecurity incident. Claimants may now resume activities on our platform: https://t.co/DkYi2hDLbI. pic.twitter.com/Nfob4QQxjv— FTX (@FTX_Official) September 16, 2023 It declared that account holders of the now-defunct crypto exchange can now access to their accounts and proceed with the bankruptcy claims process for digital assets they held on the exchange prior to it declaring bankruptcy in November 2022. The claims portal allows customers who had accounts with FTX, FTX US, Blockfolio, FTX EU, FTX Japan and Liquid access their account information and submit claims as part of the company's restructuring. On September 11, Cointelegraph reported that approximately 36,075 customer claims, worth $16 billion have been filed against FTX and FTX US, and 10% of those have been agreed on. It was further noted that 2,300 non-customer claims have been filed against the entity, including those from Genesis, Celsius and Voyager. FTX asserted that freezing the accounts was a precautionary step and has stated it has introduced additional security measures. No FTX systems were impacted by the Kroll incident, and freezing accounts was a precautionary measure.This comes after numerous reports of issues with the claims portal in recent times. On Aug. 27, FTX declared a temporary suspension of accounts for affected users who accessed its claims portal after the cybersecurity attack against Kroll was disclosed. However, users could still submit a proof-of-claim through Kroll's online customer form and by mail.The breach allegedly exposed non-sensitive customer data of specific claimants. At the time, FTX said it was overseeing the situation, assuring that account passwords, systems and funds remain unaffected.The customer claims portal was launched on July 11 but went offline for unknown reasons after only one hour. Source

[wladson]

A FTX renomeou formalmente o Blockfolio para FTX , quase um ano após a aquisição.

A FTX  afirmou que a retirada do Blockfolio não terá impacto sobre os serviços prestados aos usuários do Blockfolio.

De acordo com um comunicado oficial à imprensa, o rebranding visa atender melhor os varejistas e solidificar o FTX mobile como um dos mais fáceis e seguros de usar.

"É o fim de uma era. Faz parte da história da criptografia", disse Ed Moncada, co-fundador do Blockfolio e ex-CEO.

Nas notícias de hoje, a Coca-Cola está envolvida em um projeto NFT para caridade, o "super app" do PayPal a ser revelado em breve, e pesquisadores russos para desenvolver um serviço de herança de ativos criptográficos.

#FTX #criptomoeda #bitcoin

[thecryptoreport]

Portfolio App Blockfolio Adds Crypto, Stock Trading to Capitalize on GameStop Drama

Portfolio App Blockfolio Adds Crypto, Stock Trading to Capitalize on GameStop Drama

Blockfolio has launched zero-fee cryptocurrency trading within its portfolio tracking app, according to an announcement Friday. The firm is also listing all tokenized stocks listed on derivatives exchange FTX in the trading service (available to non-U.S. users only). A Blockfolio representative told CoinDesk it decided to include these offerings due to the ongoing situation with Robinhood,…

[thetopbestguide]

FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know

FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know

Sam Bankman-Fried.Video screenshot, New York Times / YouTube When the now-bankrupt crypto exchange FTX acquired the crypto mobile app Blockfolio, payment was not made in cash but instead in the form of FTX’s own FTT tokens, financial statements have revealed. According to Bloomberg, which said it has obtained financial statements from FTX, about 94% of the Blockfolio acquisition was paid for in…

[letscollectnft]

FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know

FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know

Sam Bankman-Fried.Video screenshot, New York Times / YouTube When the now-bankrupt crypto exchange FTX acquired the crypto mobile app Blockfolio, payment was not made in cash but instead in the form of FTX’s own FTT tokens, financial statements have revealed. According to Bloomberg, which said it has obtained financial statements from FTX, about 94% of the Blockfolio acquisition was paid for in…

[tpn-cryptocurrency]

FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know

FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know

Sam Bankman-Fried.Video screenshot, New York Times / YouTube When the now-bankrupt crypto exchange FTX acquired the crypto mobile app Blockfolio, payment was not made in cash but instead in the form of FTX’s own FTT tokens, financial statements have revealed. According to Bloomberg, which said it has obtained financial statements from FTX, about 94% of the Blockfolio acquisition was paid for in…

[ailtrahq]

American football star Trevor Lawrence is one of three celebrities who have agreed to settle after being named in an FTX class-action lawsuit. Terms Of Settlement According to a Bloomberg report, the NFL quarterback’s intention to settle was made known in court documents filed on September 15. However, the terms of the settlement weren’t disclosed. This isn’t unusual, as some settlement agreements are kept confidential to prevent either party from disclosing the terms of the document, which the other party may want to be kept a secret.  Lawrence was one of many celebrities who was sued in a class action suit by investors of the bankrupt crypto exchange FTX  for their role in promoting the crypto exchange, which eventually led to the company’s former CEO Sam Bankman-Fried (SBF) duping investors of their money. It is not uncommon for such lawsuits to arise as endorsements of a crypto project (especially a failed one), as often landed these celebrities in hot water. For one, investors argue that these celebrities made misleading statements about the project’s legitimacy, which caused them to suffer financial loss.   In Lawrence’s case, he signed a long-term deal with FTX’s crypto portfolio tracking app Blockfolio. Although the terms of the deal were undisclosed at the time, Blockfolio revealed that it included a “significant signing bonus” that would be paid in cryptocurrency, including Bitcoin, Ethereum, and Solana. The report also stated that YouTube influencers Kevin Paffrath and Tom Nash had agreed to settle in the class action suit against them. Paffrath and Nash had reportedly been paid to use their YouTube channels to promote the crypto exchange. The lawyers representing the plaintiffs stated that in the court filing that they are “engaged in ongoing confidential, settlement discussions” with the other defendants named in the suit and that other settlements are imminent.  Other celebrities named in the class-action suit include Tom Brady, Gisele Bundchen, Stephen Curry, Shaquille O’Neal, Naomi Osaka, Udonis Haslem, Larry David, and Kevin O’Leary. Total crypto market cap at $1.03 trillion on the daily chart: TradingView.com Lawrence Faces Another Lawsuit Meanwhile, Lawrence faces another FTX-related lawsuit as the crypto exchange recently filed a case against the football player and some other celebrities as part of the company’s effort to recover promotional payments made to them. According to the filing, FTX paid Lawrence $205,555 to promote the crypto exchange. FTX is also seeking to recover payments made to O’Leary, Osaka, David Ortiz, and even professional basketball team Golden State Warriors. Companies like GameStop, Fortune Media, and Coachella Music Festival, LLC are also named in the filing.  The highlight of this recovery plan is, however, the sum of $3,398,046, which FTX made to secure the naming rights of the professional basketball team Miami Heat’s arena. The stadium was renamed FTX Arena following this deal in 2021. It has since been changed to the ‘Kaseya Center’ following FTX’s collapse.  Source

[mubashirnews]

FTX Completed the Blockfolio Deal Mainly in FTT Tokens: Report

FTX Completed the Blockfolio Deal Mainly in FTT Tokens: Report

The collapsed cryptocurrency exchange FTX reportedly paid 94% of the $84 million purchase of a majority stake in Blockfolio in FTT tokens.  The coin played a leading role in the platform’s crash last month. CZ said Binance plans to dump its entire FTT stash (23 million tokens worth over $580 million at the time) amid rising worries about the over-exposure of FTX and Alameda towards the former’s…