TRX Trading at Quadruple Price on FTX; JST and BTT at Sky High Price

FTT token has created panic among holders, and users are looking for a way to withdraw.

FTT, the native token of FTX, crashed between 8-9 November, and the token’s prices decreased by 90-95 percent. This event created severe disturbances in the crypto market and even affected the price of Bitcoin.

The sudden drop in the FTT token has created panic among holders, and users are looking for a way to withdraw their money from FTX.

While the price of FTT has declined, the Tron-based Just (JST) token has seen a massive increase, specifically on the FTX exchange only.

According to data from the FTX Exchange website, at the time of preparation of this Article 1, the JUST token on the FTX Exchange is trading at $0.581375.

And after analysing the prices of 1 JUST token on CoinMarketCap, it is known that the token was originally trading at $0.02335.

A massive difference of 0.558025 is seen between the prices of JUST tokens on FTX and CoinMarketCap the difference between the digits is 1K percent.

It is similarly seen in the case of the TRX token, which is the native token of Tron Network; on the FTX exchange, it is trading at $0.47295, and on CoinMarketCap, it is trading at 0.05717.

BTT, JST and TRX are among the major three tokens trading at premium prices on the FTX exchange. The difference between the trading prices of these three tokens is 500-1050 percent compared to other major exchanges in the market.

This means FTX customers get pennies on the dollar while Tron makes a ton of money.$TRX will be bid up on FTX as that is the only way to get out, but once people withdraw it they’ll have to sell it at market price, taking a huge loss on their original holdings. https://t.co/NkbXatmxXR
— leoglisic.eth 🦇🔊 (@Leo_Glisic) November 10, 2022

Twitter users wrote on the ways to with large amounts of money from FTX:-

Have a Bahamian buy a very low liquidity coin on FTX
Pump it hard and let the Bahamian dump that coin on you.
Have the Bahamian withdraw the profits and give you the money minus a fee.

One way to withdraw large amounts of money now is:
1. Have a Bahamian buy a very low liquidity coin on FTX
2. Pump it hard and let the Bahamian dump that coin on you.
3. Have the Bahamian withdraw the profits and give you the money minus a fee. https://t.co/Nei3zT3HMd
— David Iach (💎,💎) (@davidiach) November 10, 2022

According to reliable media reports Securities and Exchange Commission of Bahamas froze the assets of FTX and cancelled the firm’s registration in the country on 10 November 2022.

In its official press release, the Commission noted that “the Commission is aware of public statements suggesting that clients’ assets were mishandled/mismanaged and transferred to Alameda research.

Further in the press release, it is also stated that the Commission has seized the assets of all related parties with FTX and has applied in the supreme court of The Bahamas for the appointment of Provisional Liquidator of FTX Digital Market Ltd.

The Commission highlighted that ” It is committed to working with the provisional liquidator to endeavour to obtain the best possible outcome for the customers and other stakeholders of FTX.”

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing