Authorities in the Bahamas are investigating alleged criminal violations by former cyptocurrency giant F-T-X after its sudden collapse.
The collapse of the FTX has sent shock waves against the cryptocurrency industry and prompted renewed calls to regulate the sector. The
Once a multibillion-dollar cryptocurrency company, began to unravel after concerns over its financial health led to withdrawals of about $9 billion in three days.
It was that caused the cash crunch and became the main cause of FTX bankruptcies.
Hours later, it was announced that the company was investigating an alleged $500 million cyber attack.
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