UAE-based cryptocurrency exchange BitOasis has announced that it will remove and stop trading the FTT token (FTT$) following the collapse of the cryptocurrency exchange FTX.
And (Bet Oasis) stated in a post, Monday, that (FTT) will not be available for trading on the platform starting tomorrow, Wednesday, November 16, 2022, while withdrawals will remain available until November 23, and four FTT trading pairs will be affected in platform removal.
“Due to the events we have seen this week regarding the FTX token and the FTX token that it issues, this coin no longer meets our listing conditions,” Cointelegraph reported.
According to the announcement, BitOasis may choose to re-list FTT once the token meets the conditions of the cryptocurrency exchange.
Meanwhile, FTT deposits on BitOasis were already closed on Sunday, November 13, 2022, as the exchange advised its users to cancel all open orders before the platform ceased trading on November 16.
(Bet Oasis): All remaining balances after the withdrawal deadline will be liquidated at the market price, and the cash amount will be added to your account on the platform.
What happened to the FTX exchange began in early November, when a leaked balance sheet from Alameda Research, a trading company founded by former FTX CEO Sam Bankman Fried, suggested that the company owns a significant amount of FTT tokens. FTT).
Zhang Bingzhao, CEO of Binance, has stated that his exchange will liquidate its entire holdings of the FTT token, citing recent discoveries that have come to light, which are believed to point to Alameda's balance sheet.
