Bankruptcy, stolen crypto investigation and criminal probes: The latest on the FTX collapse

Published by
Euronews (English)

Cryptocurrencies are still feeling the aftershocks of last week after the third-largest crypto exchange FTX imploded and later filed for bankruptcy. The company saw liquidity dry up after an explosive report by CoinDesk that questioned how stable the empire was, resulting in customers demanding withdrawals. The saga has caused massive financial losses and possible criminal investigations. The largest cryptocurrency Bitcoin plunged about 65 per cent this year and was trading at around $16,500 (€17,000) on Monday. Other altcoins such as Ethereum have followed suit and seen a drop of up to 30 per…

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