Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens entering circulation following the FTX bankruptcy filing.
Bankrupt Crypto Exchange FTX’s FTT Token Still Trades Above $1
While the FTX exchange collapse is a mess and the new FTX CEO said prior FTX leadership was a “complete failure of corporate controls,” and it was “a complete absence of trustworthy financial information,” the exchange token FTT is still trading for $1.48 per unit.
Despite the fact that FTX filed for bankruptcy, the coin is held by a few concentrated hands, and the FTT Contract Deployer unlocked 192 million previously locked tokens it has not joined the list of dead crypto coins trading for less than a U.S. penny.
At the time of writing, FTT’s 2
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