Last Minute: FTX CEO Speaks! Trading Stops!

FTX CEO Sam Bankman-Fried announced that trading firm Alameda Research has stopped trading.

SBF-enhanced Alameda Research shuts down

Alameda Research is a quantitative trading firm founded in September 2017 by Sam Bankman-Fried. The news came from the founder’s Twitter account in the past hours. SBF has promised that the crypto exchange will use “every penny” it has to pay back users before investors. He apologized for “sinking” in a thread of tweets on Thursday.

The 30-year-old former billionaire also said that Alameda Trading would “stop trading”. It also shut down rumors that Alameda is trying to expose and possibly destabilize Tether, the largest stablecoin by market cap. On Thursday morning, Tether price dropped to $0.97 and even as low as $0.93 on crypto exchange Kraken.

Koindeks.comWe will be sharing the details here…

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