Most Crypto Stocks Crashed in Morning Trading After FTX Has Filed for Bankruptcy

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Most Crypto Stocks Crashed in Morning Trading After FTX Has Filed for Bankruptcy

Tiger Newspress2022-11-11

Most Crypto stocks crashed in morning trading after FTX has filed for bankruptcy.

Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been replaced by John J. Ray III, though the outgoing chief will stay on to assist with the transition.

Alameda Research and approximately 130 additional affiliated companies are part of the voluntary proceedings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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PearlynCSY
·2022-11-13
Between $1 billion and $2 billion of FTX customer funds have disappeared, SBF had a secret ‘back door’ to transfer billions: Report. Reuters reports that at least $1 billion worth of customer funds have vanished from the failed crypto exchange. Two sources familiar with the matter told Reuters that ex-CEO Sam Bankman-Fried transferred $10 billion of customer funds from FTX to the digital asset trading house, Alameda Research. Alameda, also founded by Bankman-Fried, was considered to be a sister company to FTX. Those cozy ties are now under investigation by multiple regulators, including the Department of Justice, as well as the Securities and Exchange Commission, which is probing how FTX handled customer funds, according to multiple reports. Much of the $10 billion sent to Alameda “has sin
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- setia100:
  🥀🥀🥀
  2022-11-13
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- Ramesh30:
  Ok
  2022-11-13
  Reply
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- Mm101:
  C
  2022-11-13
  Reply
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Ilovecats
·2022-11-12
Got a bad feeling about this... [Drowsy]
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- cutemiao:
  Me too
  2022-11-13
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Tanyl
·2022-11-12
Yes, unfortunately all crypto drop
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tkkkkkkkkkk
·2022-11-12
👌
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2
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KCtan1688
·2022-11-12
Like
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- KCtan1688:
  Like
  2022-11-12
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Hayz
·2022-11-12
Bad actor....
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Pluto891
·2022-11-12
volatile ...
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1
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PC21
·2022-11-11
Ouch
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- PC21:
  [Facepalm]
  2022-11-11
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angskk
·2022-11-11
GG
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- 闪电侠08:
  Ik
  2022-11-11
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[Drowsy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9960497347","repostId":1146157400,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104776010,"gmtCreate":1668300309722,"gmtModify":1668300323774,"authorId":3574384014717887,"author":{"id":3574384014717887,"authorId":3574384014717887,"name":"cutemiao","avatar":"https://static.tigerbbs.com/bb482433c2ea26132373994768ab7de2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9960497347,"type":1,"supId":0,"prevId":0,"content":"Me <u>too</u>","text":"Me <u>too</u>","html":"Me <u>too</u>"}],"langContent":"EN"},{"id":9960545400,"gmtCreate":1668215711600,"gmtModify":1676538029423,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Yes, unfortunately all crypto drop","listText":"Yes, unfortunately all crypto drop","text":"Yes, unfortunately all crypto drop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960545400","repostId":1146157400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9960515085,"gmtCreate":1668209580447,"gmtModify":1676538027896,"author":{"id":"3582157544208464","authorId":"3582157544208464","name":"tkkkkkkkkkk","avatar":"https://static.tigerbbs.com/324b8778a99b6139eca542152f970355","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960515085","repostId":1146157400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9960538479,"gmtCreate":1668208092292,"gmtModify":1676538027494,"author":{"id":"3572830110372716","authorId":"3572830110372716","name":"KCtan1688","avatar":"https://static.tigerbbs.com/eb264e77c49fffb1d26a89a47dbc0250","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9960538479","repostId":1146157400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104763234,"gmtCreate":1668208099905,"gmtModify":1668208113009,"authorId":3572830110372716,"author":{"id":3572830110372716,"authorId":3572830110372716,"name":"KCtan1688","avatar":"https://static.tigerbbs.com/eb264e77c49fffb1d26a89a47dbc0250","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9960538479,"type":1,"supId":0,"prevId":0,"content":"<span 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