NEW YORK, Dec. 28, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against FTX Tokens (“FTX” or the “Company”) FTT on behalf of FTX shareholders. Our investigation concerns whether FTX has violated federal securities laws and/or engaged in other illegal business practices.

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On November 2nd, 2022, Coindesk published an article titled “Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet” alleging issues with the close relationship between Alameda Research and FTX and the large FTT holdings of Alameda Research revealed.

Then, on November 6, 2022, Binance Chief Executive Officer Changpeng Zhao announced on Twitter that Binance would be liquidating its FTT holdings.[d]Due to the recent revelations that have come to light[.]”

On November 8, 2022, The Wall Street Journal published an article titled “Binance’s Deal for Rival FTX Marks Power Shift Amid Crypto Turoil” which discussed Binance’s non-binding agreement to purchase FTX amid FTX’s “sudden liquidity crisis”. .

Then, on November 9, 2022, The Wall Street Journal published an article titled “Binance Walks Away From Deal to Rescue FTX” discussing the failure of the deal that left FTX with “a shortfall of up to $8 billion -Dollar left behind, according to people familiar with The matter.”

On November 10, 2022, The Wall Street Journal published an article titled “SEC, DOJ Investigating Crypto Platform FTX” discussing the newly disclosed investigations.

Due to the above news, the price of FTT has fallen sharply due to unusually high trading volume.

If you have purchased or otherwise acquired FTX Shares and have suffered a loss, are a long-term shareholder, have information, would like to learn more about these claims, or have any questions about this announcement or your rights or interests in relation to these matters, please contact us Email Brandon Walker or Melissa Fortunato at…