Following the crisis in FTX, the firm’s CEO, Sam Bankman-Fried (SBF), has been trying to salvage the exchange. He has been gathering resources and funds from other subsidiaries and SBF-owned companies like Alameda to support FTX.
FTX crypto exchange has been struggling recently due to liquidity issues. As a result, the firm is gradually sinking as its reserve balances keep moving to the south. Also, the native token, FTT, has lost over 20% of its value within a few days.