{"id":83088,"date":"2022-11-09T02:28:34","date_gmt":"2022-11-09T07:28:34","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83088"},"modified":"2022-11-09T02:19:22","modified_gmt":"2022-11-09T07:19:22","slug":"ftxs-token-plunges-80-on-liquidity-concerns-wiping-out-over-2-billion-in-value","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2022\/ftxs-token-plunges-80-on-liquidity-concerns-wiping-out-over-2-billion-in-value.html","title":{"rendered":"FTX\u2019s token plunges 80% on liquidity concerns, wiping out over $2 billion in value"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/FTT.CM=\/\">FTT<\/a>, the token native to crypto exchange FTX, lost most of its value after rival Binance, the world\u2019s largest cryptocurrency firm, announced plans to acquire the company. The coin traded at around $22 on Monday and sank below $5 Tuesday afternoon in New York. The sell-off wiped out more than $2 billion in value in the space of 24 hours.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/11\/08\/ftxs-ftt-token-plunges-80percent-wiping-out-over-2-billion-in-value.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) FTT, the token native to crypto exchange FTX, lost most of its value after rival Binance, the world\u2019s largest cryptocurrency firm, announced plans to acquire the company. The coin traded at around $22 on Monday and sank below $5 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83088","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83088"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83088\/revisions"}],"predecessor-version":[{"id":83089,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83088\/revisions\/83089"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}