FTX Collapse: Not Sure Creditors Get Their Money Back, Says Moody’s

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The Street

By Luc Olinga The bankruptcy of the cryptocurrency exchange will have long-lasting effects on the crypto industry. It will take years to understand all the consequences of the bankruptcy of Sam Bankman-Fried’s cryptocurrency empire. According to ratings agency Moody’s, the overnight implosion of the FTX cryptocurrency exchange and its sister company Alameda Research, will have “long lasting effects on the crypto industry.” Bankman-Fried filed for bankruptcy on November 11 in the face of a cash crunch caused by a run on the bank by FTX clients. Since then, the regulators in the United States an…

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