#FTXrepayment It was a company that operated a cryptocurrency exchange and a cryptocurrency hedge fund that was founded in 2019 and peaked in 2021 with over a million users and was the third largest cryptocurrency exchange by volume. The cryptocurrency giant FTX went bankrupt, despite an attempt to save Binance at the beginning of the collapse, but the FTX platform was worn out and difficult to maintain and prevent from completely collapsing. Here is the full story of the collapse of FTX and its American subsidiary FTX us.

It all started with a tweet from Changpeng Zhao (CZ), the CEO and founder of Binance, the world's largest cryptocurrency exchange by trading volume. The Chinese billionaire CZ threw a stone in the water by announcing that Binance would sell all of its FTT tokens. It is worth noting that FTT is the official cryptocurrency of the FTX trading platform.

The FTT token, for example, allows you to pay trading fees and enjoy high returns by depositing assets. We can compare the operation and functioning of FTT to Binance's BNB or Crypto.com's CRO.

As for the spark of the collapse, many analysts and followers attributed it to CZ who tweeted the following:

Given the recent revelations, we have decided to liquidate any remaining FTT in our accounts.

We will try to do this in a way that minimizes the impact on the market.