FTX’s digital coin was at heart of crypto exchange’s fall

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4 min read . Updated: 14 Nov 2022, 06:48 PM IST Patricia Kowsmann, The Wall Street Journal

The digital currency is FTT, which was created by FTX. (Photo: Reuters) — The digital currency is FTT, which was created by FTX. (Photo: Reuters)

Currency highlights links between FTX and trading firm that held, traded and borrowed against the asset

A little-traded digital currency created by Sam Bankman-Fried’s now-bankrupt FTX cryptocurrency exchange played a crucial role in the company’s collapse.