What does FTX's bankruptcy mean for crypto investors?

Here's What That Means for Crypto Investors. FTX said it was filing for bankruptcy last week. The cryptocurrency exchange may have improperly funneled $10 billion in customer funds to hedge fund Alameda Research. If you want to buy cryptocurrencies, it's probably wise to avoid offshore exchanges in unregulated markets.

Is FTX a good trading platform?

Bottom Line: FTX.US is best for individuals looking for access to low-fee crypto trading, NFTs, derivatives, and margin trading. The platform also offers over-the-counter trading, so it could be ideal for institutions or clients with higher earnings.

What happened to FTX User funds?

Between $1 and $2 billion of FTX user funds has disappeared from the platform, according to reports from Reuters. The report found that FTX's former CEO, Sam Bankman-Fried, transferred $10 billion to the platform's sister company, Alameda Research.

Is the SEC investigating FTX & Sam Bankman-fried?

The SEC is also scrutinizing the firm's relationship with its U.S. counterpart FTX US and Chief Executive Officer Sam Bankman-Fried's proprietary trading firm, the source said. An SEC spokesperson declined to comment, saying: "The SEC does not comment on the existence or nonexistence of a possible investigation."