Cryptocurrency exchange FTX is facing fresh controversy after observers noticed “unusual” withdrawals totalling around $650m from the collapsed website’s funds on Saturday.
The collapse of FTX, one of the world’s biggest exchanges, has wiped $150bn (£126bn) off the cryptocurrency market’s value, amid fears that the crisis could yet deepen.
FTX filed for bankruptcy protection in the US on Friday following a liquidity crisis that left the crypto exchange unable to meet customer demands for billions of dollars worth of withdrawals.
Take 2 minutes.
Watch this video.
And think about this…CNBC has employed Jim Cramer for 17 years and paid him MILLIONS.
"Sam Bankman-Fried is the JPMorgan of crypto"
"Elizabeth Holmes is the next Steve Jobs"
"Bear Stearns is fine"
Market manipulation "is very satisfying" pic.twitter.com/W6xly9ShsM
— Hedgeye (@Hedgeye) November 13, 2022
