Stolen FTX Funds Are Moving Into Bitcoin

Published by
The Street

By Luc Olinga The crypto industry remains shaken by the unexpected and brutal downfall of the FTX cryptocurrency exchange. The FTX cryptocurrency exchange debacle continues to shake the crypto space. Players are trying to figure out where the contagion will reach next because FTX and its founder, Sam Bankman-Fried, were central players in the industry. The company filed for bankruptcy on Nov. 11 after running out of cash to meet the demands of its customers and investors. In recent court documents, FTX said that 50 of its top creditors are claiming more than $3 billion from it. The exchange ow…

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