FTX has used its native FTT token to make business acquisitions. In reality,94% of the deal was funded using FTT.
Speaking at senate committee on banking bankruptcy attorney called Binance a massive, unregulated monopoly alleging that Binance purposely caused FTX to collapse.
On November 6,2022, Binance CEO CZ posted on Twitter that the exchange would liquidate its entire FTT position.
NFL legend Tom Brady and ex-wife Gisele Bundchen were among FTX’s largest investors.
Before its collapse, Bundchen Shark Tank’s Kevin O’Leary and Golden state warriors’ Steph Curry were among the list of major FTX investors.
Brady, 45, owns more than 1.1 million common shares of FTX and Bundchen has more than 686,000 common shares.