revealed that the exchange's native token FTT was used to prop up Bankman-Fried's quant trading firm Alameda Research. The trading titan's balance sheet, which once had $14.6 billion in assets, was largely comprised of a coin that its sister company made up — not an independent asset like fiat currency.
Shaame added:"The drop in trading shows that people are getting conscious of the mantra 'not your key not your coin' and move to non-custodial exchanges." Christensen added:"In such a fragile bear market, a big-time criminal act like SBF did with FTX will have a severe impact on the market sentiment and trading volumes."
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