FTX mislead Customers! – Katoch Tubes

Is FTX in trouble?

What is FTX?

FTX is a cryptocurrency exchange based in Bahamas. It reported $10 billion daily trading volume in Feb 2022.

Face of FTX

Billionaire Sam Bankman-Fried founded FTX in 2019. He's the known face in the crypto industry

FTX Mislead investors

FTX was issued a notice for misleading investors by claiming that the funds held & stocks bought via FTX were insured by FDIC

What is FDIC?

FDIC is Federal Deposit insurance Corporation that supervises financial institutions for funds safety & user protection

Response from CEO

FTX global CEO, Sam Bankman-Fried apologised to the customers & authority  in a tweet to FDIC.

Is FTX exchange safe?

FTX is one of the famous & known exchange. It's also one of the safest platform for buying & selling cryptocurrencies

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