To win the Blockfolio deal, FTX nearly paid $84 million in 2020.
Former FTX CEO released on bail.
The US SEC labeled FTX native token FTT as security.
After the FTX bankruptcy, new facts about the erstwhile second largest cryptocurrency exchange emerge almost every day. Yesterday, Bloomberg reported that FTX used its native token FTT to win the Blockfolio deal. The deal allowed FTX a 52% stake in the platform.
Bloomberg reported, “FTX paid roughly $84 million in 2020 to take a majority stake in Blockfolio, in what was then among the largest crypto acquisitions. About 94% was paid in FTT tokens, a cryptocurrency that FTX created.”
FTX, the bankrupt cryptocurrency exchange, used a token it invented to fund its takeover of trading platform Blockfolio https://t.co/QZQTNmH0n5
— Bloomberg Crypto (@crypto) December 23, 2022
On November 11, the biggest collapse happened in the history of cryptocurrency. FTX, once the world’s second-largest crypto exchange platform, valued at $32 bill
We współpracy z: https://www.thecoinrepublic.com/2022/12/25/ftx-used-ftt-to-win-the-blockfolio-deal/
