FTX bought the Blockfolio tracker with FTT tokens

Skam exchange FTX used FTT exchange tokens to buy a majority stake in tracker Blockfolio for $84 million in 2020.

According to Bloomberg, 94% of the amount was paid in FTX tokens. As a result of the deal, the exchange became the holder of 52% of Blockfolio shares.


For its part, FTX has consistently claimed to fund Blockfolio with cash and top cryptocurrencies, but has never provided details.

Recall that the FTT exchange token is a key factor in the FTX scam, whose solvency depended entirely on FTT, and this caused concern among investors, regulators and analysts.

Translated with www.DeepL.com/Translator (free version)

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