Because the FTX collapse continues to trigger turmoil within the crypto business, varied crypto exchanges have delisted FTX Token (FTT) on their platforms.
In an announcement, crypto trade Binance highlighted that they’ve eliminated the FTT/BTC, FTT/BNB, FTT/ETH and FTT/USDT buying and selling pairs on their platform citing that the pairs did not move their current evaluations. Nevertheless, the trade famous that the FTT/BUSD pair remains to be accessible on its trade.
At #Binance we conduct common evaluations of listed belongings to make sure they meet our requirements to guard our customers.
Based mostly on our current evaluations, we are going to take away and stop buying and selling of a number of $FTT buying and selling pairs on 2022-11-15 04:30 (UTC):
FTT/BNB
FTT/BTC
FTT/ETH
FTT/USDT— Binance (@binance) November 14, 2022
The choice follows requests from group members to delist the token. In a tweet, influencer Cevo urged Binance CEO Changpeng Zhao to right away take motion in opposition to FTT, suggesting delisting every thing FTX associated to guard the exchanges’ clients.
Aside from Binance, BitMEX has delisted the perpetual swap contracts related to FTT. This contains its FTT/USD and FTT/USDT pairs. The trade cited a discount in spot buying and selling of the pairs as its purpose for delisting. Like BitMEX, KuCoin has additionally delisted its FTT/USDT perpetual contract on KuCoin Futures.
In the meantime, Zipmex has additionally introduced that they are going to be delisting FTT on Nov. 22, 2022, however will go away withdrawals open till February 14, 2023.
Associated: FTX collapse may see crypto sector layoffs speed up
Days after the start of the FTX disaster, its former CEO Sam Bankman-Fried tweeted varied cryptic messages, attracting wild theories and hypothesis throughout the crypto group. Some theorized that the tweets could possibly be an act by Bankman-Fried to probably make a protection by claiming madness if he is ever taken to courtroom.
After the FTX fraud was dropped at mild, an interview with Bankman-Fried within the New York Occasions garnered criticisms from crypto Twitter for seemingly defending the actions of the previous FTX CEO. Many criticized the mainstream media outlet for making an attempt to vary the narrative round his alleged monetary crimes.
