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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo and Alex Hern

What happened to FTX and could the crisis spill over to the rest of crypto?

FTX Crypto Sam Bankman-Fried Binance FTT TER Changpeng Zhao Cryptocurrency Bitcoin United States
FTX logo
FTX, along with its rival Binance, processes the majority of cryptocurrency trades around the world. Photograph: Leon Neal/Getty

FTX, the world’s second largest cryptocurrency exchange, is in a crisis and has pitched the digital asset market into another crash.

Here we look at what has happened to FTX, why, and what it means for the wider market.

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