The collapse of the FTX crypto exchange has sent shockwaves across the crypto industry. FTX’s trouble has caused the crypto market to tumble and the crypto community to worry about how the entire industry will be impacted. Crypto exchange Crypto.com said it had a $10 million exposure to FTX and Genesis, a trading firm, said it had $175 million in locked funds in its FTX trading account, plus many others have reported having exposure to FTX.
Related posts
-
Hong Kong’s SFC chief praises Bitcoin
Hong Kong’s Securities and Futures Commission chief Julia Leung says Bitcoin is clearly showing its power... -
Over 30% of family offices in US ‘actively investing’ in crypto, BNY Mellon study finds
Around 55% of American family offices plan to increase their cryptocurrency investments or have had limited... -
SEC Chair Warns Crypto Exchanges: Actions Speak Louder than Disclosures
US Securities and Exchange Commission (SEC) Chairman Gary Gensler delivered a cautionary message to cryptocurrency exchanges,...