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DOJ and SEC Investigating FTX Collapse as Entire Crypto Market Plunges

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Bitcoin has fallen to a two-year low of $17,000, just one year after hitting an all-time high of $69,000.

. The SEC is also looking into whether FTX lending products might be considered securities, which would require the company to register them with the SEC.

, only to back out after seeing the books, it’s no surprise that SBF, as he’s often called, may want to lay low for a while.These lightsabers powered by Neopixels, LED strips that run inside the blade shape that allow for adjustable colors, interactive sounds, and changing animation effects when dueling.FTX has reportedly been trying to get a bailout from Wall Street firms to the tune of about $1 billion, though it has come up empty handed thus far.

. Regulators had asked for financial information from major shareholders, including Zhao, but the Binance CEO apparently didn’t want to hand over the documents.As a result of Zhao’s stonewalling, Bankman-Fried bought out Zhao for about $2 billion which included a lot of FTT token, according to Reuters. Zhao’s decision to start selling about $580 million of the coin this week, which he announced publicly on Twitter, is when shit hit the fan for FTX.

 

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Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will reportedly back out of its agreement to buy rival cryptocurrency exchange FTX, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion, taking down the value of digital assets with it. cz_binance, you cunt! I want to learning cryptocurrency. Could you please send me the cryptocurrency learn package details at your earliest. Thanks and regards. Gamage
Source: Forbes - 🏆 394. / 53 Read more »

Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion. Holy shit😭😭😭 Good morning, Forbes. This was posted by Binance like 5h ago. Thanks for playing ..
Source: Forbes - 🏆 394. / 53 Read more »