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Prominent crypto players slam FTX's Sam Bankman-Fried's FTX on Twitter for being a Ponzi scheme.

The CEO of Binance, Changpeng Zhao, discredited an allegation that it shorted FTT during the collapse of FTX.

Cryptocurrency Prices Today 14th Nov: Cryptocurrency markets witnessed their worst seven-day run since June 2022, following Terra's meltdown during the weekend as crypto prices continued to fall. The world's largest cryptocurrency, Bitcoin's price plummeted to $16,103 while the second-largest digital token, Ether, the coin linked to the Ethereum blockchain fell down 6% to $1,191.

Alongside shuttering FTT trading pairs with Bitcoin and Ethereum, Binance is also closing off the ability to short FTX's token.

About $400 million worth of FTT tokens were launched on Sunday, but there might be more to the release than meets the eye.

The likelihood of customer funds being recovered has decreased as a result of the series of events that followed the FTX collapse and bankruptcy filings.

Binance CEO “CZ” on Monday said Binance never shorted FTX Token (FTT). He said the crypto exchange still has a significant amount of FTT holdings, but stopped selling it after Sam Bankman-Fried (SBF) called him a few days ago.

Since the start of this year, the market has maintained a bearish outlook, causing investors to lose millions of dollars.

Users of the embattled FTX exchange have had a bad week, and things are likely to get much worse if the balance sheet is anything to go by. The post FTX Users Have Slim Chance of Fund Recovery as FTT, SOL, and SRM Prices Plummet appeared first on BeInCrypto.

Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform's exchange token called ftx (FTT) has shed 91.6% in value during the last seven days.

At least two crypto exchanges, Binance and Huobi, have blocked the deposits of FTT after 192 million tokens were released into circulation, contrary to the schedule. The post FTT Crashes 9% Following Binance and Huobi Suspension of its Deposits appeared first on BeInCrypto.

Sixty percent of all the FTX Token (FTT) in existence has suddenly been transferred between crypto wallets as the fallen crypto exchange's dramatic collapse continues. First reported by blockchain tracking service WhaleAlert, Etherscan data shows 195,869,335 FTT worth $389,233,378 leaving FTX's contract address and into an unknown wallet.

Cryptocurrency exchange Binance has stopped accepting deposits of FTX's FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same.

Bitcoin is down nearly 1.5% to $16,800 as a result of the FTX bankruptcy, which has caused market chaos and risk-off sentiment. Ethereum, the second most valuable cryptocurrency, on the other hand, has gained over 1.5% to trade at $1,264.

Prominent crypto voice on Twitter, @0xfoobar, revealed that several FTX users have been buying non-fungible tokens (NFTs). These users have been purchasing NFTs from Bahamian holders to rescue themselves from the FTX crisis.

Everyday is a blessing, but you woke up this morning feeling frustrated looking at the sickening price charts. Your attempts to make a wise trading decision with proper risk evaluation seemed to be taking a back-seat.

The in-house cryptocurrency of the crypto exchange FTX has been hammered this week and today after the exchange's meltdown.

The derivatives firm said it “does not impact our market-making activities”.

Kucoin CEO, Johnny Lyu, has explained in a number of tweets today that Kucoin has been transparent with its users since day one of building the hybrid centralized/decentralized cryptocurrency exchange. The post Kucoin CEO addresses rumours surrounding FTX, FTT exposure appeared first on CryptoSlate.

BeInCrypto takes a look at five projects that underperformed relative to the crypto market last week, more specifically from Nov. 4 to Nov. 11. The post FTT, CRV, AR, APT and HT Suffer the Biggest Price Drops in an Already Bearish Crypto Market appeared first on BeInCrypto.

After recording losses in the recent period, cryptocurrency prices saw some rebound this morning, with prices for Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, moving above the $17,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the $1,300 mark on Friday.

The token's Open Interest declined alongside an increase in price.

A combination would have shaken things up in the nascent cryptocurrency industry.

FTX Token (FTT), the native cryptocurrency of the troubled exchange, has undergone a turbulent week, losing its value by over 80% at some point. It remains to be seen, however, whether the token will rebound to its pre-FTX liquidity debacle levels before the end of 2022, now that the asset is exhibiting signs of a short-term recovery.