The FTX Situation… [ Crypto Espresso 11.8.22 ]

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🔵 CoinMarketCap Daily:

• Sam Bankman-Fried Insists ‘FTX is Fine’ After Bombshell Report and Binance Liquidations

A flurry of speculation has hit FTT hard — and it has fallen by 14.5% over the past seven days. It’s the worst-performing cryptocurrency in the top 30 by market cap.

https://coinmarketcap.com/alexandria/article/sam-bankman-fried-insists-ftx-is-fine-after-bombshell-report-and-binance-liquidations

• Bitcoin Back Below $20,000 Amid Nerves over FTX and Midterms — Dogecoin and Solana Hit Hard

As euphoria surrounding Elon Musk’s acquisition of Twitter begins to fade, DOGE has also plunged by 30% on a seven-day timeframe.

https://coinmarketcap.com/alexandria/article/bitcoin-back-below-20-000-amid-nerves-over-ftx-and-midterms-dogecoin-and-solana-hit-hard

• 50,676 BTC Seized by US — Detectives Found Stolen Crypto in Bottom of Popcorn Tin

The stash was recovered back in November 2021 — days after the world’s biggest cryptocurrency hit a new all-time high — and was worth $3.36 billion at the time.

https://coinmarketcap.com/alexandria/article/50-676-btc-seized-by-u-s-detectives-found-stolen-crypto-in-bottom-of-popcorn-tin

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