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Bangkok Post
Bangkok Post
Business

Cryptos sag as funds drained from FTX switch out of ether

FTX Crypto Bitcoin Christian Catalini Singapore
Reuters

SINGAPORE: Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire

The largest token Bitcoin has shed about 4% over two days, while second-ranked Ether is roughly 7% lower. Meme token Dogecoin -- an arbiter of the most speculative animus in an already racy digital playground -- is down 11%.

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