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Cryptocurrencies slide as concerns over FTX exchange rattle markets

FTX Crypto Sam Bankman-Fried Singapore

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken May 23, 2022. (Reuters)

SINGAPORE: Cryptocurrencies fell heavily on Tuesday and the native token of crypto exchange FTX collapsed by 15% as investors appeared to take fright at talk of pressure on FTX's financials.

Bitcoin, the biggest cryptocurrency by market value, was down 4% at $19,750 and was having its worst day in about two months. Ether, the next largest, fell 5%.

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