The exchange platform filed for bankruptcy, leaving thousands of customers in the dark.
One of the world’s largest cryptocurrency exchanges says it is investigating hundreds of millions of dollars in unauthorized withdrawals.
Analysts say millions of dollars worth of assets have been moved off the platform.
FTX filed for bankruptcy on Friday.
He says he wants legal protection while he looks for ways to pay customers back.
Cryptocurrency prices have been falling all year, but the collapse of FTX stands out.
So what does this collapse mean for investors and the industry?
Presenter: Hashem Ahelbarra
Guests:
Robert Koepp – CEO of Geoeconomix, a global economic and strategic advisory firm
Zennon Kapron – Founder and Director of Kapronasia, an independent research and consulting firm focused on the Asian financial services industry.
Glen Goodman: consultant for the financial investment platform eToro and author of The Crypto Trader
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