Are You affected by the FTX crypto exchange collapse?

Have you been affected by the FTX crypto exchange collapse? The FTX cryptocurrency exchange has collapsed with at least $1bn in investor assets lost. The exchange has filed for bankruptcy in the US, and its boss Sam Bankman-Fried has also stepped down as chief executive.

Could FTX be owed money?

Over a million people and businesses could be owed money following the collapse of the crypto exchange FTX, according to bankruptcy filings. There have also been reports that FTX suffered a hack, taking millions of dollars of crypto from the firm. It's a worrying time for individuals who have money in the business.

Who ran FTX?

Now more 'dubious' details are emerging about the others who were involved in running FTX, which was based in the Bahamas. According to CoinDesk, which first reported the troubles of FTX, the entire operations were run by Bankman-Fried and his inner circle, just 10 people who were also roommates.

Why did customers leave FTX?

Customers fled the exchange after becoming concerned about whether FTX had sufficient capital. A person familiar with the matter said that the Department of Justice and the Securities and Exchange Commission (SEC) were examining FTX to determine whether any criminal activity or securities offenses were committed.