FTX Token's Future Uncertain as Exchange Reopening Remains in Question
TL;DR Summary
FTX's token FTT surged almost 100% after the exchange's lead bankruptcy attorney floated the possibility of reopening the exchange, but quickly reversed and sunk back down to a 19% loss over the past day. The token's value remains down more than 97% from its all-time high of $84.18, set in September of 2021. The possibility of FTT having any value in relation to FTX's reopening is unlikely due to legal liability, according to Ari Paul, the Chief Investment Officer and Managing Partner of BlockTower Capital.
- FTX Token Slides as Holder Hopes of Exchange Reopening Fade Decrypt
- FTX collapse: How deep does the damage run? | Untangled WION
- No, FTX hasn't recovered all funds and isn't restarting soon Protos
- FTT token's on-chain activity skyrockets amid FTX revival rumors Finbold - Finance in Bold
- FTX Could Live Again, Says Bankruptcy Attorney Barron's
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
89%
756 → 85 words
Want the full story? Read the original article
Read on Decrypt