A large virtual currency brokerage went bankrupt
According to the report of Iran’s Economist international economy reporter, citing Rashatoudi, FTX brokerage, which is a large brokerage in the field of buying and selling virtual currency, published a statement on Twitter and wrote that as Voluntarily declared bankruptcy in the United States and began the process of monetary valuation of its assets for the benefit of global shareholders.
FTX CEO Sam Bankman Fired has stepped down and John Ray is said to have been appointed as the new CEO. The worrisome thing is that we are witnessing the removal of Bankman Fired, who is known as the white knight of the market and Warren Buffett of the virtual currency.
Binance was supposed to acquire FTX, but it was abandoned and FTX needed $9 billion in capital to continue its work.
Binance Company gave up buying this brokerage after publishing the news related to the violation in keeping the assets of the customers along with the action of the American government in the inspection of FTX. This action caused the virtual currency market to fall and the value of Bitcoin to reach its lowest level in the last two years.
FTX’s bankruptcy filing may turn out to be one of the biggest crashes in the cryptocurrency market.
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