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FTX liquidity crisis forces crypto hedge funds into rethink
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Crypto hedge funds are changing how they work with exchanges around settlement and asset safeguarding after a liquidity crunch pushed FTX to the brink of collapse.
FTX rival Binance signed a letter of intent to fully acquire FTX on 8 November. The announcement triggered a crypto sector bloodbath, losing over $100bn in market capitalization in the following 24 hours, according to Coinmarketcap data.
Crypto...
Read more on fnlondon.comAbout this in other media
Hedge funds shift to decentralised platforms after FTX collapse fnlondon.com /1 year ago
Learn why Oryen Network could never fall victim to exchanges' manipulation, such as FTX and Crypto.com cryptonews.com /1 year ago
Collapsed FTX owes nearly $3.1 billion to top 50 creditors moneycontrol.com /1 year ago
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