Binance’s FTT selloffs add to Indian crypto investors’ woes
By
Biju Kumar
Just when Indian crypto investors were starting to get active again after signs of consolidation across the crypto ecosystem, digital assets crashed again as Binance announced it’s selling off all its FTX Token (FTT) due to swirling rumours that the third largest global crypto exchange FTX could be heading towards bankruptcy.
FTT tanked more than 30 percent after that announcement, and that led to a broader market contagion in which all major currencies tumbled.