FTX victim raises $450k for liquid token startup

FTX victim, who lost over 90% of his net worth following the collapse, successfully raised $450,000 from his recently launched trading fund. Belgian resident Kasper Vendeloock recently launched Musca Capital, a new fund that trades liquid tokens.

Timeline of Ftx-token

FTT, the native token of the controversial FTX ecosystem, has been pumping lately. This recent price upswing was triggered by the launch of a customer claims portal, an online platform for customers to access their account information and submit electronic proof of claims in FTX's restructuring proceedings.

FTX Derivatives Exchange is trying to make good with all of its creditors as it showcased its launch portal to enable its users to file claims on their locked funds. The obvious beneficiary of this move is the defunct trading platform's native token FTT, which has recorded a 17.27% growth over the past 24 hours, with a current price tag of $1.65.

In an unexpected turn of events, the price of FTT, the native token of the once-leading cryptocurrency exchange FTX, has experienced a remarkable surge of over 35% within the past 24 hours. This surge follows the recent announcement of FTX's plans to reboot its exchange through a bidding process.

FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary discussions with prospective investors, who could either acquire full ownership of the business or establish a joint venture.

The FTX token has jumped to a new multi-month high after John Ray, the new chief executive of FTX, said he's open to the idea of a fresh reboot for the failed crypto exchange. FTT, which has reacted higher multiple times this year on news of an FTX restart, the so-called FTX 2.

FTX token (FTT) has printed five consecutive days of upsurge as the conversation around the reboot of the bankrupt FTX derivatives exchange is now taking centerstage. At the time of writing and per data from CoinMarketCap, FTT is changing hands at a spot price of $1.75, up by 37.33% in the past 24 hours.

FTT, the native currency of FTX and its ecosystem, is up 45% when writing on June 28. This positive price action follows a report by the Wall Street Journal that the exchange's new management has started receiving proposals from parties interested in restarting the exchange.

FTX token (FTT), the native digital currency of the bankrupt FTX Derivatives Exchange, has recorded very impressive daily growth today. The FTT token soared by 15% in an apparent resurgence to peg its price at $1.31, as it is now making an apparent move to recover from the lows of the past month.

Recent on-chain activity involving the Ethereum address ‘0xd275e‘ has caught the attention of the crypto community. Through CryptoSlate‘s on-chain analysis, no concrete evidence pointing to the owner of the account has been discovered.

Former NBA star Shaquille O'Neal, has been sued once again over his involvement in cryptocurrency promotions. What Happened: This time, O'Neal is facing a proposed class action in Florida federal court, alleging that he violated securities laws by selling unregistered tokens in connection to Astrals NFT Project.