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FTX: What we know so far

As of November 10 2022, 1.9 million FTT (FTX’s token) was put back into FTX. Reports in the market last week suggested that that a large portion of the balance sheet of Alameda – sister company of FTX – had a high concentration of FTT, which it may have decided to address, although Alameda disputed those claims.

A price drop in FTT has caused a significant volume of withdrawal requests from their customers. It’s reported that the total requested withdrawal amount over the past 24 hours is close to $1.8 billion.

Reports within the last 24 hours indicate that Binance has reached a deal to purchase FTX for an undisclosed amount:

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