CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 18:43:00
A devastating fall from grace for one of the largest cryptocurrency exchanges in the world, and now ftx says they're investigating $473 million hack. the company, which filed for bankruptcy on friday, now says it's investigating whether some crypto assets were stolen as they were moved offline. ftx is experiencing a rapid collapse despite being one of the most powerful players in the crypto industry. its founder and ceo, 30-year-old sam bankman-fried, resigned and has lost his $16 billion fortune in less than a week. here now to help us understand all of this, reuters reporter angus barack.
Source: archive.org