Smaller investors tell how they found themselves unable to withdraw money as rumours of the exchange’s troubles spread
The UK parliament this week heard during testimony on the failed cryptocurrency exchange FTX that most of the money it held came from institutions. Yet with about $8bn still owed to depositors, its collapse has still left many individuals nursing significant losses.
Here we speak to some of those retail investors about the huge sums they were unable to withdraw – as much as $110,000 in one case. All of them spoke on the condition of anonymity.
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Smaller investors tell how they found themselves unable to withdraw money as rumours of the exchange’s troubles spread
The UK parliament this week heard during testimony on the failed cryptocurrency exchange FTX that most of the money it held came from institutions. Yet with about $8bn still owed to depositors, its collapse has still left many individuals nursing significant losses.
Here we speak to some of those retail investors about the huge sums they were unable to withdraw – as much as $110,000 in one case. All of them spoke on the condition of anonymity. Continue reading…Technology | The Guardian