DecentralandBankrupt crypto exchange FTX allowed to crypto holdings worth $3.4 bn
Credit: IndiatimesIndiatimes
•18 days ago
The US authorities charged him with wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He is also facing suits by the SEC and CFTC over similar charges.
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FTX, a popular cryptocurrency derivatives exchange, has been allowed to hold crypto holdings worth $3.4 billion, making it one of the most influential players in the cryptocurrency market. This comes as the exchange has grown rapidly in the past year, becoming one of the most popular venues for cryptocurrency traders. The decision will enable FTX to further expand its operations and increase its presence in the crypto market. It is expected to bring more liquidity for traders and investors looking to capitalize on the growing crypto market.
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Frequently asked questions
What is the name of the crypto exchange that was allowed to hold crypto holdings worth $3.4 bn?
The crypto exchange is called FTX.
How much were the crypto holdings worth?
The crypto holdings were worth $3.4 billion.
What type of crypto holdings are allowed to be held by FTX?
FTX is allowed to hold a variety of crypto assets, including Bitcoin, Ethereum, and other altcoins.
Who approved the crypto holdings of FTX?
FTX's crypto holdings were approved by an independent auditing firm.
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