{"id":7811,"date":"2022-11-10T22:37:17","date_gmt":"2022-11-10T21:37:17","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/10\/collapse-of-ftx-cryptocurrency-under-scrutiny-by-federal-authorities\/"},"modified":"2022-11-10T22:37:17","modified_gmt":"2022-11-10T21:37:17","slug":"collapse-of-ftx-cryptocurrency-under-scrutiny-by-federal-authorities","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/10\/collapse-of-ftx-cryptocurrency-under-scrutiny-by-federal-authorities\/","title":{"rendered":"Collapse of FTX cryptocurrency under scrutiny by federal authorities"},"content":{"rendered":"<p>The blow comes soon after rival Binance backed out of a merger deal earlier this week after due diligence of the exchange\u2019s books<\/p>\n<p>The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.<\/p>\n<p>FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. Customers fled the exchange after becoming concerned about whether FTX had sufficient capital.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/10\/ftx-cryptocurrency-collapse-investigation\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/b9abb0fc44ef0de66a8e23880c41d13bffe51c52\/0_136_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=cd86483c11c9cbfc40828b246aed0fcb\" title=\"Collapse of FTX cryptocurrency under scrutiny by federal authorities\" \/>The blow comes soon after rival Binance backed out of a merger deal earlier this week after due diligence of the exchange\u2019s books<br \/>\nThe swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.<br \/>\nFTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. Customers fled the exchange after becoming concerned about whether FTX had sufficient capital. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blow comes soon after rival Binance backed out of a merger deal earlier this week after due diligence of the exchange\u2019s books The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/11\/10\/collapse-of-ftx-cryptocurrency-under-scrutiny-by-federal-authorities\/\"> <span class=\"screen-reader-text\">Collapse of FTX cryptocurrency under scrutiny by federal authorities<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7811"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7811"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7812"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7811"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}