Turkey investigates & looking to seize FTX assets

TUrkey gearing up to attack FTX

About FTX

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Founder of FTX

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The Bankruptcy

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The Domino Effect

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Turkey Investigates

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MASAK tightens grip

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More trouble for FTX

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What's next?

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Also Read:

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We're on You Tube

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TUrkey gearing up to attack FTX

TUrkey gearing up to attack FTX

About FTX

About FTX

FTX was one of the leading cryptocurrency exchanges in the world. Infact, by volume FTX was the second largest exchange after Binance sometime back.

Founder of FTX

Founder of FTX

Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.

The Bankruptcy

The Bankruptcy

Acc. to a statement released by Sam, FTX requires over $9 billion to overcome bankruptcy. It has filed for bankruptcy.

The Domino Effect

The Domino Effect

FTX crash eroded the crypto market. Crypto markets are now valued at $870 billion down from $1 trillion 10 days back. In its peak it was worth $3 trillion

Turkey Investigates

Turkey Investigates

Turkey is investigating FTX local arm and looking to seize the "suspicious assets" connected to the company.

MASAK tightens grip

MASAK tightens grip

Turkey's crime investigation board MASAK stated that FTX didn't preserve the user trust & indicates strong suspicion of crime by FTX CEO Sam

More trouble for FTX

More trouble for FTX

Regulators in countries where FTX was headquartered have already started investigation including Australia, Japan & Bahamas

What's next?

What's next?

FTX is likely to dissolve and with it crypto markets will face an intense sell-off. User's funds aren't safe anymore & also they shouldn't use the app.

Also Read:

Also Read:

1..FTX Ukraine Scandal

1..FTX Ukraine Scandal

2..FTX defrauded users

2..FTX defrauded users

3..Bitcoin millionaires

3..Bitcoin millionaires

We're on You Tube

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