FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation

0
3
Published by
The Street

By Luc Olinga The bankruptcy of the FTX cryptocurrency exchange is pushing regulators to increase their scrutiny of the crypto space. The FTX debacle is reverberating through the crypto industry and finance in general. The collapse of this crypto exchange, which in February was valued at $32 billion, shocked everyone. FTX filed for Chapter 11 bankruptcy on Nov. 11 because it ran out of cash to meet the demands of its panicked customers. And that has prompted regulators to open investigations into the crypto empire of Sam Bankman-Fried, the founder of FTX. In addition, regulators are increasing…

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.