Australian investors have been left unable to withdraw their funds after the spectacular collapse this week of cryptocurrency exchange FTX.
Key points:
- High-profile cryptocurrency exchange FTX filed for bankruptcy and its chief executive stepped down
- Australian investorshave been unable to withdraw funds from the platform
- FTX’s local arm went into voluntary administration on Friday
The company’s Australian entities have now gone into voluntary administration, and customers have been advised not to deposit funds or tradeon the platform.
One of the world’s largest exchanges, FTX’s downward spiral this week has been dramatic even by the standards of the notoriously treacherous cryptocurrency industry.
Its highprofile is due in part to the shag…
Read the full article at: https://www.abc.net.au/news/science/2022-11-12/cryptocurrency-ftx-exchange-collapse-australian-investors/101640914