The fight between crypto billionaires is causing concern in the markets. Bitcoin and other cryptocurrencies suddenly fell on Tuesday in Asia due to balance issues Alameda Research

Shortly. The translation is mine.

FTX FTT native token fell 32% on Tuesday
Broad crypto markets have swept alongwith bitcoins also falling

After months of quiet, cryptocurrency markets are once again facing concerns about the turmoil that devastated digital assets in May and June.

Bitcoin and other cryptocurrencies suddenly fell inTuesday in Asia over questions surrounding the balance sheet of Alameda Research, the cryptocurrency trading house of billionaire Sam Bankman Fried. Investors continued to pull assets out of FTX, which also operates the Bankman-Fried exchange, and its native token FTT fell as much as 32%.

Turbulence caused by Zhao's opponent's decisionChangpeng's "CZ" sale of approximately $530 million in FTT coins was reminiscent of the contagion that gripped cryptocurrency markets following the collapse of the TerraUSD stablecoin in early May. This upheaval then gave way to months of extraordinary stability in cryptocurrencies.

This week everything changed again.Bankman-Fried, whose investments in troubled cryptocurrency firms in June led some to compare him to legendary banker John Pierpont Morgan, found himself trying to reassure investors, clients and counterparties. On Monday, he tweeted that there were "unsubstantiated rumors" circulating and that FTX maintained audited financial records.

www.bloomberg.com/news/articles/2022-11-08/binance-ftx-founders-fight-triggers-crypto-contagion-fears?srnd=premium

And further

Cryptocurrency crisis
Cryptocurrency markets fell in unison asinvestors have expressed concerns about the stability of the industry following Binance's decision to sell all remaining FTT, the native token of Sam Bankman-Fried's cryptocurrency exchange FTX. The tokens were worth $529 million when Binance CEO Changpeng Zhao tweeted on November 6th. In an article last week, news site CoinDesk reported that the majority of trading house Bankman-Fried Alameda Research's balance sheet consists of the FTT token.

www.bloomberg.com/news/newsletters/2022-11-08/five-things-you-need-to-know-to-start-your-day?srnd=premium