FTX Token ua pa'u i le to'a a'o pu'eina Sam Bankman-Fried

Upon the news that the founder of the collapsed sosoʻo faʻatautaia paepae FTX has been arrested, many cryptocurrencies, Bitcoin (BTC) ma le Ethereum (ETH) included, are recording modest gains, whereas FTX Token (FTT), the native token of the crypto derivatives trading platform, keeps losing ground.

Indeed, after all the major media reported on Sam Bankman-Fried’s arrest in the Bahamas, the native token of his palota crypto has been recording continuous losses, declining 8.44% on the day and going further down, as per data retrieved on December 13.

Losses continue to stack up

The recent price drop is adding up to the cumulative 3.26% loss across the week and 28.5% decline on FTT’s monthly chart, while its price at press time stands at $1.36, with a market capitalization of $448.20 million, making FTX token the 209th-largest crypto asset by total worth.

As a reminder, the United States attorney for the Southern District of New York shared a sealed indictment against Bankman-Fried with the government of the Bahamas, after which the former FTX CEO was arrested, as CNBC lipotia ia Tesema 12.

Growing number of FTT holders despite controversy

Earlier, multiple people in the crypto sphere and beyond criticized FTX and SBF, faʻatasi ma Robert Kiyosaki, tusitala o le tusi tupe a le tagata lava ia "Rich Dad Papa Tama,” Dogecoin (TUSI) creator Billy markus, ma Binance Ofisa Sili o Pulega Changpeng Zhao (CZ), while FTX’s paid advocate Kevin O’Leary leiloa $ 9 miliona in crypto due to the collapse.

Interestingly, despite the controversy and numerous warnings, the number of FTT holders has recorded steady growth since November, at press time amounting to 25,412 holding addresses, E tusa ma le CoinMarketCap fa'amaumauga na maua i le aso 13 o Tesema.

This means that, since November 1, right at the beginning of the saga surrounding the now-bankrupt platform, the number of atotupe crypto holding the FTX Token has increased by 19.49% or 4,145 addresses – from 21,267 to the current amount.

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