
FTX Token (FTT) - USDT
November 11, 2022, and November 14, 2022: FTX Trading Ltd. and 101 affiliated debtors (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. These cases are under the supervision of the Honorable John T. Dorsey and are jointly administered under Case No. 22-11068. For more details, refer to the official bankruptcy documentation.
November 13, 2022: A significant movement involving FTX Token (FTT) was detected on the blockchain. A considerable amount of FTT, previously designated as "locked", was transferred from the FTX contract address to an unknown wallet. This action released a large fraction of the total FTT supply into circulation, occurring amidst the backdrop of FTX and Alameda Research's financial troubles. This unexpected token movement raises concerns about the token's market stability and overall security. Investors are advised to exercise caution and stay informed by monitoring updates from reliable cryptocurrency news sources.