The imploding cryptocurrency buying and selling agency FTX is now brief billions of {dollars} after experiencing the crypto equal of a financial institution run.
The alternate, previously one of many world’s largest, sought chapter safety final week, and its CEO and founder resigned. Hours later, the buying and selling agency mentioned there had been “unauthorized entry” and that funds had disappeared. Analysts say a whole lot of hundreds of thousands of {dollars} could have vanished.
The unraveling of the once-giant