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Former Crypto billionaire and top Democratic donor Sam Bankman-Fried's FTX crypto market is facing a criminal investigation in the Bahamas, police announced Sunday.
The CEO of Binance has announced his crypto exchange will no longer accept tokens from FTX for deposit.
Cryptocurrency exchange FTX said Saturday that it was moving money into offline storage as at least $1 billion of customer funds reportedly disappeared.
FTX founder Sam Bankman-Fried reportedly denied speculative reports that he had flown to South America after the cryptocurrency exchange filed for bankruptcy.
One of the world's largest crypto exchanges has filed for bankruptcy. Facing a liquidity crunch, FTX stopped withdrawals, and one of its rivals declined to step in to help.