Acc. to a statement released by Sam, FTX requires $8 billion to overcome bankruptcy. Right now, there's no saviour
SEC investigation
SEC investigation
SEC has taken steps to investigate FTX for potential security violations, criminal activities or any sort of offense committed.
FTX Assets Frozen
FTX Assets Frozen
The Securities Commission of Bahamas has frozen the assets of FTX digital markets.
What's next?
What's next?
FTX need over $8 billion to save itself from bankruptcy. At the moment, it's likely to dissolve and with it crypto markets will face an intense sell-off.