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The website of Alameda Research, FTX’s trading company, is not working.



Key facts:
  • Venture capital firm FTX Ventures has also shut down its website.

  • According to a U.S. media report, the FTX exchange’s legal team has resigned.

Alameda Research, the trading firm funded by FTX’s CEO, Sam Bankman-Fried, has taken its website private. This, amid the controversial collapse of bitcoin (BTC) and cryptocurrency trading.

Something similar happened with his account on the social network Twitter, where they were deleted almost all the publications produced since its creation, auThe company is still active. This may be a sign of the company’s complex situation.

Something similar happened with the website of the venture capital arm of the stock exchangecalled FTX VenturesWhich creates further uncertainty.

Against this backdrop, the future of FTX seems to be becoming increasingly complicated, as the legal team of this platform is also expected to resignation as published on the Semafor portal. Based on unidentified sources.

The resignation would come on the eve of Binance’s purchase of FTX, a move not yet decided because the two companies have reached a non-binding agreement. This would allow Binance CEO Changpeng Zhao not to finalize the deal.

The resignation would come on the eve of the purchase of FTX, a move that will no longer be finalized according to Binance’s latest announcement.

Alameda Research website.
The Alameda Research website shows this image when searched on the Internet. Source: alameda-research.

As CryptoNews reported on Nov. 9, the TLT, FTX’s native token, is down 90 percent in two days. The decline began after Changpeng Zhao announced the liquidation of the digital currency.

Binance CEO justified the action. referring to the revelations about Alameda Research’s leaked financial statements.according to which 88 percent of the organization’s assets are FTT tokens. These tokens were allegedly used as collateral for leveraged loans.

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