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Bankruptcy Exchange FTX's native token is mysteriously launched

Source: CoinWorld
Although FTX's bankruptcy proceedings are still underway and unlocked tokens are recirculating, its token, FTT, has soared 17% in the past 24 hours to around $0.93. The token has no practical use yet and has the largest trading volume on centralized exchanges such as Binance and Bitget. Previously, former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison for fraud in March 2024.
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