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Bankrupt FTX Hit by Mysterious Outflow of About $662 Million

  • FTX US’s general counsel says the facts are currently unclear
  • Sam Bankman-Fried’s FTX empire fell into bankruptcy on Friday
Bloomberg business news
FTX Fallout: What Happens to Crypto Space Now?
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Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry.

Customers still coming to terms with the platform’s Friday plunge into Chapter 11 proceedings were subsequently confronted with what the general counsel of its US arm, Ryne Miller, described as “abnormalities with wallet movements.”