Tron-based tokens sell at 1200% premium as FTX users scramble to withdraw
The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece.
The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece.
Nearly all major stablecoins lost their U.S. dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.
The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.”
The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously.
A rumor suggesting that FTX CEO Sam Bankman-Fried has been arrested is circulating on social media.
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.
Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.
Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.
Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.