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Sam Bankman-Fried’s Alameda Research website has gone dark in the wake of FTX’s liquidity crunch and plans to get acquired by rival exchange Binance.
Alameda Research is the principal trading firm of the exchange and is headed by CEO Caroline Ellison.
FTX Ventures — the VC arm of FTX has been pulled down as well under mysterious circumstances.
However, FTX’s official site, as well as FTX US’s website, remain functional.
FTT, the native token of the FTX exchange, is almost on a death spiral by losing over 85% of its value in the last 7 days. According to many industry experts, FTT might rock bottom at $1 or even lower than that if the situation worsens. Currently, it trades at $3.2 at the time of writing.
- Alameda Research
- Sam Bankman-Fried
- About author
- Disclaimer
Pratik has been a crypto evangelist since 2016 & been through almost all that crypto offers. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he's covered it all. And still likes to cover the latest in crypto everyday.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
