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    Bitcoin Hits 2-Year Low Amid FTX Crisis

    The whole cryptocurrency market is sinking toward bad news. Bitcoin fell 12% before 4:30 p.m. ET to just under $16,000, hitting a low not seen since November 2020, according to Coin Metrics.

    Binance Backs Out of FTX Acquisition – FTT Price Slips Toward $2

    Just a day after making the deal, leading cryptocurrency exchange Binance canceled its offer to rescue FTX.

    FTX CEO Sam Bankman-Fried Lost 94% of His Total Wealth Overnight

    Cryptory.net - FTX CEO Sam Bankman-Fried lost $14.6 billion - nearly 94% of his total wealth after one night.