Nevertheless, FTX itself filed for chapter within the second week of November, after days of hypothesis about whether or not it was totally liquid. The questions have been sparked by a CoinDesk report revealing that a lot of FTX sister firm Alameda’s steadiness sheet was composed of an change token, FTT, issued by FTX, which later prompted Binance CEO Changpeng “CZ” Zhao to announce he would liquidate his firm’s complete set of FTT holdings. FTX later suspended withdrawals.
