Sam Bankman-Fried’s Alameda Research website has gone dark in the wake of FTX’s liquidity crunch and plans to get acquired by rival exchange Binance.
Alameda Research is the principal trading firm of the FTX exchange and is headed by CEO Caroline Ellison.
Also, FTX Ventures — the VC arm of FTX has been pulled down as well under mysterious circumstances.
However, FTX’s official site, as well as FTX US’s website, remain functional.
FTT, the native token of the FTX exchange, is almost on a death spiral by losing over 85% of its value in the last 7 days. According to many industry experts, FTT might rock bottom at $1 or even lower than that if the situation worsens. Already, there are talks that Binance might not after all go ahead with the buyout deal after its initial review into the beleaguered exchange.
Currently, it trades at $3.2 at the time of writing.
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