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He said he had not intentionally attempted a fraudulent act. He’s been getting a lot of stress lately. She is even said to be a swindler.
FTX is currently on the list of companies that have gone bankrupt. This company used to be among the most promising brands. We can say that it has a very serious place in the crypto world. However, at the point we have come to, they faced fraud charges. The company’s assets were confiscated.
While all this was going on, former FTX CEO Sam Bankman-Fried made important assessments. He stated that he did not deliberately commit fraud in these assessments. More precisely, he said he was in shock, too. “I was shocked by what happened this month,” he said.
Many people lost a lot of money. Moreover, as if these weren’t enough, a $515 million hacking crisis emerged just a short time after the bankruptcy filing. This was enough to shock many people. In addition, Binance has decided to break its agreement with this platform. Due to all these developments, FTT crashed at the level of 94 percent.
Even if this stock market goes bankrupt, it still has an important place in the crypto world. Around $6 billion was withdrawn within 72 hours. Because of this, the FTX exchange went bankrupt. However, some users are still hopeful about this exchange. They think that this stock market will recover in the long run, if not in a short time.
If we look at the statements made by the founder of the FTX exchange and the comments of the analysts, it is almost impossible for this exchange to recover.
