After the collapse of FTX, the exchange’s native token, FTX Token (FTT), lost almost all of its value. It seems that cryptocurrency exchanges have no hope for the token. Because, popular Bitcoin exchanges are delisting FTX Token pairs from their trading platforms. Accordingly, Binance, BitMEX and KuCoin have removed their FTT pairs from their crypto exchange platforms.
Major Bitcoin exchanges delist FTT pairs
As you follow on Kriptokoin.com, the FTX collapse seriously destroyed the confidence in the market. It continues to cause turmoil in the crypto industry as it makes the market questionable. Various Bitcoin exchanges are delisting FTX Token (FTT) on their platforms. Interestingly, however, the token price increased 37.47% on a daily basis, according to data from CoinMarketCap. At press time, FTT was trading at $1.86.
Crypto exchange Binance announced that it has removed FTT/BTC, FTT/BNB, FTT/ETH, and FTT/USDT trading pairs from its platform, citing that the pairs failed to pass their final review. However, the exchange noted that the FTT/BUSD pair is still available on its exchange.
At #Binance we conduct regular reviews of listed assets to ensure they meet our standards to protect our users.
Based on our recent reviews, we will remove and cease trading of several $FTT trading pairs on 2022-11-15 04:30 (UTC):
🔸FTT/BNB
🔸FTT/BTC
🔸FTT/ETH
🔸FTT/USDT— Binance (@binance) November 14, 2022
The decision follows community members’ requests to delist the token. Influencer Cevo urged Binance CEO Changpeng Zhao to take immediate action against FTT in a tweet. Accordingly, the exchange recommended that everything related to FTX be delisted to protect its customers.
Meanwhile, apart from Binance, BitMEX has delisted perpetual swap contracts linked to FTT. This includes FTT/USD and FTT/USDT pairs. The stock market cited the decrease in spot trading of the pairs as the reason for delisting. Like BitMEX, KuCoin has delisted the FTT/USDT perpetual contract on KuCoin Future. Meanwhile, Zipmex has announced that it will delist FTT on November 22, 2022. However, it also stated that it will leave withdrawals open until February 14, 2023.
Sam Bankman-Fried makes weird posts on Twitter!
Days after the FTX crisis began, former CEO Sam Bankman-Fried tweeted various cryptic messages, attracting crazy theories and speculation within the crypto community. Some have theorized that the tweets could potentially be an act of defense if taken to court by Bankman-Fried, claiming insanity.
After the FTX scam was brought to light, The New York Times did an interview with Bankman-Fried. The former FTX CEO showed no signs of regret. Furthermore, he continued to ostensibly defend his actions. For this reason, it received serious criticism from Twitter. Many criticized the mainstream media outlet for trying to change the narrative around its alleged financial crimes.
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