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The Independent UK
The Independent UK
National
Ken Sweet and Thalia Beaty

Size, scope of FTX failure gets clearer as users fear worst

Copyright 2022 The Associated Press. All Rights Reserved.

Just days after cryptocurrency's third-largest exchange collapsed, the public is starting to get an idea of how messy FTX's bankruptcy case could be. Other crypto firms are failing as a result of FTX's unraveling, events reminiscent of the domino-like meltdowns of the 2008 financial crisis.

Users remained frustratingly in the dark Tuesday about when they might get their funds back, if at all, directing much of their anger toward FTX's founder and CEO, Sam Bankman-Fried.

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