Exchanges such as Binance, BitMEX and KuCoin have delisted FTX Token pairs from their crypto exchange platforms.
The FTX Token, FTT ($1.77), has been delisted from several crypto exchanges’ platforms as the FTX fall continues to cause havoc in the cryptocurrency sector. The FTT/BTC, FTT/BNB, FTT/ETH, and FTT/USDT trading pairs have been withdrawn off Binance’s platform, the cryptocurrency exchange said in a statement, saying that the pairs did not pass recent reviews. The FTT/BUSD pair is still accessible on the exchange, the exchange noted.
The choice was made in response to community members’ pleas that the token be delisted. Influencer Cevo encouraged Binance CEO Changpeng Zhao to take action against FTT right away in a tweet, suggesting delisting everything FTX-related to safeguard the customers of the exchanges.
The perpetual swap contracts related to FTT have been delisted by all exchanges except Binance and BitMEX. Its FTT/USD and FTT/USDT pairs are included in this. The exchange explained its justification for delisting as a drop in spot trading of the pairs.
KuCoin has delisted their FTT/USDT perpetual contract on KuCoin Futures, similar to BitMEX. In the meantime, Zipmex also disclosed that it would discontinue listing FTT on November 22, 2022, however withdrawals would continue to be accepted until February 14, 2023.
Days after the FTX crisis started, Sam Bankman-Fried, the company’s former CEO, tweeted a number of cryptic statements, sparking wild ideas and rumors throughout the cryptocurrency community.
Some hypothesized that Bankman-Fried may have posted the tweets in an effort to use insanity as a defense if he ever had to appear in court. After the FTX fraud came to light, a Bankman-Fried interview in The New York Times drew fire from Crypto Twitter for appearing to support the former FTX CEO’s activities. For attempting to spin the story about his alleged financial crimes, the major media outlet received harsh criticism from many.
