Stolen FTX Funds Are Shifting Into Bitcoin

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The FTX cryptocurrency change debacle continues to shake the crypto area. 

Gamers try to determine the place the contagion will attain subsequent as a result of FTX and its founder, Sam Bankman-Fried, had been central gamers within the business. The corporate filed for chapter on Nov. 11 after operating out of money to fulfill the calls for of its clients and buyers.

In latest court docket paperwork, FTX mentioned that fifty of its prime collectors are claiming greater than $3 billion from it. The change owes about $1.45 billion to its prime 10 collectors, in line with a Nov. 19 submitting with the U.S. Chapter Courtroom for the District of Delaware.



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