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Cryptocurrency exchange FTX at risk of bankruptcy - BBC News
Leading cryptocurrency exchange FTX is facing bankruptcy after failing to secure a rescue deal from its rival Binance. Binance, the world’s biggest cryptocurrency exchange, said that after due diligence, it would not pursue the deal. FTX is a big crypto exchange and people use it to buy and sell various crypto currencies. Concerns about FTX's financial health reportedly triggered $6bn (£5.2bn) of withdrawals in just three days. Investors are now facing billions of dollars in losses. Crypto values have slumped on Thursday, with Bitcoin falling to a two-year low. Please subscribe HERE http://bit.ly/1rbfUog #BBCNews
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Leading cryptocurrency exchange FTX is facing bankruptcy after failing to secure a rescue deal from its rival Binance. Binance, the world’s biggest cryptocurrency exchange, said that after due diligence, it would not pursue the deal. FTX is a big crypto exchange and people use it to buy and sell various crypto currencies. Concerns about FTX's financial health reportedly triggered $6bn (£5.2bn) of withdrawals in just three days. Investors are now facing billions of dollars in losses. Crypto values have slumped on Thursday, with Bitcoin falling to a two-year low. Please subscribe HERE http://bit.ly/1rbfUog #BBCNews
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