SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission (SEC), FTX's exchange token FTT is considered a security.
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Timeline of Ftx-token
US SEC marks FTX's FTT as unregistered security - Crypto news
According to a recent filing by the US SEC, FTX's native token FTT is now classified as a security. According to the watchdog, FTX's and Alameda's activities with the token classified it as one.
94% Of FTX's Blockfolio Buyout Was Paid Using FTT Crypto: Report - Benzinga
Defunct cryptocurrency exchange FTX (CRYPTO: FTT) used its own exchange token, FTT, to pay for the acquisition of the tracking website Blockfolio in 2020. Around 94% of the $84 million deal was paid for with the FTT tokens that FTX created, according to financial documents, Bloomberg reported.
United States SEC calls FTX's native token FTT a security - AMBCrypto
The United States Securities and Exchange Commission (SEC) has alleged in its complaint filed on 21 December that the now-bankrupt crypto exchange FTX's native token FTT was sold as an investment contract, and is a “security.”
US SEC Declares FTX's Native Token FTT as Security - Coinspeaker
The SEC stated that the operations of the FTT token and the buy-and-burn program initiated by crypto exchange FTX are synonymous with stock buyback and thus constitute the behavior of securities.
SEC filing declares FTT a security in FTX case development - CryptoSlate
The United States Securities and Exchange Commission, in its filing against Caroline Ellison and Gary Wang, said that the FTX's exchange token (FTT) is considered a security, given that it was sold as an investment contract. The post SEC filing declares FTT a security in FTX case development appeared first on CryptoSlate.
FTX funded 94% of Blockfolio takeover with its FTT token: Bloomberg - The Block
When now-defunct crypto exchange FTX acquired the portfolio tracking platform Blockfolio in 2020, it reportedly used its own exchange token, FTT, to fund the takeover. The post FTX funded 94% of Blockfolio takeover with its FTT token: Bloomberg appeared first on The Block.
FTX's FTT token labeled a security in SEC complaint - The Block
The complaint specifically noted that FTX used proceeds from the FTT token sale to fund its business efforts. The post FTX's FTT token labeled a security in SEC complaint appeared first on The Block.
FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume - Bitcoin
Despite FTX's collapse last month, the trading platform's crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec.
FTX Token slumps into abyss as Sam Bankman-Fried gets arrested - Finbold
Upon the news that the founder of the collapsed crypto trading platform FTX has been arrested, many cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) included, are recording modest gains, whereas FTX Token (FTT), the native token of the crypto derivatives trading platform, keeps losing ground.
FTT traders stand in a high-risk zone amid SBF's plans to relaunch token - AMBCrypto
FTT raced to double-digits uptick after SBF endorsed trader's recovery plan opinion On-chain profit and loss remained in the same region FTX Token [FTT] recorded a 30.39% increase in less than 24 hours after embattled founder Sam Bankman-Fried (SBF) consented to a recovery plan.
