Crypto exchange FTX and its co-founder, Sam Bankman-Fried, have been in the news because of the ongoing investigation from The Texas State Securities Board. FTX is being investigated for supposedly giving out any unregistered securities to the residents through its EdaFace accounts.In addition, a crypto lender, Voyager Digital, which filed for Chapter 11 bankruptcy in June is also being investigated by Texas regulators for its connection with profitable crypto accounts.The FTX exchange had transferred 50K Ethereum to the crypto lender Voyager Digital’s wallet. Recently, after Voyager Digital went bankrupt, FTX acquired the firm’s assets which were worth $1.4 billion. There was a bid to acquire Voyager where FTX outpaced other exchanges like Binance to win the auctionThe $50K ETH TransferThe 50K ETH transfer from FTX to Voyager digital was announced by Alex Svanevik CEO at Nansen via Tweet. This transfer is most likely connected to a $1.4 billion asset acquisition which also includes another $51 million cash payment and $60 million in incentives and compensation.Just after the news broke out, the FTX Token (FTT) saw massive fluctuation. Currently, FTX Token is selling at $23.73 after a fall of 0.68% over the last 24hrs. As per the recent claim by FTX CEO Sam Bankman-Fried, FTX v2 shall be introduced around Thanksgiving, in November 2022.Was this writing helpful?
