{"id":542379,"date":"2023-07-12T17:00:03","date_gmt":"2023-07-12T17:00:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=542379"},"modified":"2023-07-12T13:01:13","modified_gmt":"2023-07-12T13:01:13","slug":"ftt-up-by-21-despite-ftx-claims-portal-troubles","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ftx-ftt-bankman\/ftt-up-by-21-despite-ftx-claims-portal-troubles\/","title":{"rendered":"FTT Up By 21% Despite FTX Claims Portal Troubles"},"content":{"rendered":"

FTT, the native token of the controversial FTX ecosystem, has been pumping lately. This recent price upswing was triggered by the launch of a customer claims portal, an online platform for customers to access their account information and submit electronic proof of claims in FTX\u2019s restructuring proceedings.\u00a0<\/span><\/p>\n

Although the portal became unavailable barely an hour after launch, the price of FTT has managed to stay afloat, with a 21% increase in the last day.<\/span><\/p>\n

FTX Claims Portal Goes Offline For Unknown Reasons<\/span><\/h2>\n

Last month, the debtors in FTX\u2019s insolvency case announced<\/a> that an online claims portal was in the final stages of launch. The portal reportedly went live<\/a> on Tuesday, July 11, enabling customers of the bankrupt crypto exchange to access their account information.<\/span><\/p>\n

Related Reading: Shiba Inu Ecosystem Token BONE Surges 88%, Too Late To Buy?<\/a><\/p>\n

The platform – before going offline – said users can access their account balance as of November 11, 2022 – the day FTX filed for bankruptcy in the United States. Then, if required, customers would also be able to submit an electronic proof of claim with the FTX Debtors\u2019 claims and noticing agent (Kroll Restructuring Administration).<\/span><\/p>\n

However, the claims portal only stayed live for about an hour before going down for unknown reasons. As of this writing, there has been no official statement from FTX addressing the crash.<\/span><\/p>\n

That said, it is worth noting<\/a> that customers still have until September 29, 2023, to file a claim. This can be done via alternative means besides the website, like through US mail<\/a>.<\/span><\/p>\n

FTT Rallies 21% In A Single Day – Price Overview<\/span><\/h2>\n

After the FTX claims portal went live yesterday, the FTX token (FTT) received a lot of attention from crypto enthusiasts. And the token\u2019s price showed a positive reaction, gaining more than 24% roughly an hour after the launch.\u00a0<\/span><\/p>\n

However, this price surge was short-lived, as the FTT token soon shed a considerable chunk of its early gain. This is understood to be in response to the claims portal going offline.<\/span><\/p>\n

It is worth noting that FTT has been on a positive run in recent weeks. According to CoinGecko data, the token\u2019s value has increased by nearly 117% in the past month. <\/span><\/p>\n

That said, it appears that FTT won\u2019t be staying down for long. The cryptocurrency looks set to touch the previous 24-hour high of $1.79 again, with a 6.7% price increase in the last hour.<\/span><\/p>\n

Related Reading: Coinbase Stock Surges Nearly 10% Despite Cathie Wood\u2019s Ark Invest $12 Million Sale<\/a><\/p>\n

As of this writing, the FTT token changes hands at $1.71, with a daily trading volume of about $96.2 million. CoinGecko data<\/a> shows that the trading volume has swelled by 729.9% in the past day, suggesting massive market activity.<\/span><\/p>\n

\"FTT\"<\/p>\n

FTTUSD trading at $1.69323630 | Source: FTTUSD chart from TradingView<\/a><\/pre>\n
Featured image from The Independent, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"
FTT, the native token of the controversial FTX ecosystem, has been pumping lately. This recent price upswing was triggered by the launch of a customer claims portal, an online platform for customers to access their account information and submit electronic proof of claims in FTX\u2019s restructuring proceedings.\u00a0 Although the portal became unavailable barely an hour after launch, the price of FTT has managed to stay afloat, with a 21% increase in the last day. FTX Claims Portal Goes Offline For Unknown Reasons Last month, the debtors in FTX\u2019s insolvency case announced that an online claims portal was in the final stages of launch. The portal reportedly went live on Tuesday, July 11, enabling customers of the bankrupt crypto exchange to access their account information. Related Reading: Shiba Inu Ecosystem Token BONE Surges 88%, Too Late To Buy? The platform – before going offline – said users can access their account balance as of November 11, 2022 – the day FTX filed for bankruptcy in the United States. Then, if required, customers would also be able to submit an electronic proof of claim with the FTX Debtors\u2019 claims and noticing agent (Kroll Restructuring Administration). However, the claims portal only stayed live for about an hour before going down for unknown reasons. As of this writing, there has been no official statement from FTX addressing the crash. That said, it is worth noting that customers still have until September 29, 2023, to file a claim. This can be done via alternative means besides the website, like through US mail. FTT Rallies 21% In A Single Day – Price Overview After the FTX claims portal went live yesterday, the FTX token (FTT) received a lot of attention from crypto enthusiasts. And the token\u2019s price showed a positive reaction, gaining more than 24% roughly an hour after the launch.\u00a0 However, this price surge was short-lived, as the FTT token soon shed a considerable chunk of its early gain. This is understood to be in response to the claims portal going offline. It is worth noting that FTT has been on a positive run in recent weeks. According to CoinGecko data, the token\u2019s value has increased by nearly 117% in the past month. That said, it appears that FTT won\u2019t be staying down for long. The cryptocurrency looks set to touch the previous 24-hour high of $1.79 again, with a 6.7% price increase in the last hour. Related Reading: Coinbase Stock Surges Nearly 10% Despite Cathie Wood\u2019s Ark Invest $12 Million Sale As of this writing, the FTT token changes hands at $1.71, with a daily trading volume of about $96.2 million. CoinGecko data shows that the trading volume has swelled by 729.9% in the past day, suggesting massive market activity. FTTUSD trading at $1.69323630 | Source: FTTUSD chart from TradingView Featured image from The Independent, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":542392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87361],"tags":[87394,86846,87576,71704,88521],"class_list":["post-542379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ftx-ftt-bankman","tag-ftt","tag-ftt-price","tag-fttusd","tag-ftx","tag-ftx-bankrupt"],"acf":[],"yoast_head":"\nFTT Up By 21% Despite FTX Claims Portal Troubles<\/title>\n<meta name=\"description\" content=\"FTT, FTX's native token, has been pumping lately. 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Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.","sameAs":["https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227","https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi"],"url":"https:\/\/ktsl888.com\/author\/oluwatosino\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"FTT Up By 21% Despite FTX Claims Portal Troubles","url":"http:\/\/ktsl888.com\/news\/ftx-ftt-bankman\/ftt-up-by-21-despite-ftx-claims-portal-troubles\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ftx-ftt-bankman\/ftt-up-by-21-despite-ftx-claims-portal-troubles\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Price-hike.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Price-hike.jpg?fit=800%2C500"},"articleSection":"FTX, FTT and Sam Bankman Fried","author":[{"@type":"Person","name":"Opeyemi Sule"}],"creator":["Opeyemi Sule"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ftt","ftt price","fttusd","ftx","ftx bankrupt"],"dateCreated":"2023-07-12T17:00:03Z","datePublished":"2023-07-12T17:00:03Z","dateModified":"2023-07-12T17:00:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"FTT Up By 21% Despite FTX Claims Portal Troubles\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ftx-ftt-bankman\\\/ftt-up-by-21-despite-ftx-claims-portal-troubles\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ftx-ftt-bankman\\\/ftt-up-by-21-despite-ftx-claims-portal-troubles\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Price-hike.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Price-hike.jpg?fit=800%2C500\"},\"articleSection\":\"FTX, FTT and Sam Bankman Fried\",\"author\":[{\"@type\":\"Person\",\"name\":\"Opeyemi Sule\"}],\"creator\":[\"Opeyemi Sule\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ftt\",\"ftt price\",\"fttusd\",\"ftx\",\"ftx bankrupt\"],\"dateCreated\":\"2023-07-12T17:00:03Z\",\"datePublished\":\"2023-07-12T17:00:03Z\",\"dateModified\":\"2023-07-12T17:00:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Price-hike.jpg?fit=800%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542379"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/590"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=542379"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/542392"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=542379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=542379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=542379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}