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Crypto exchanges rush to assure clients after FTX collapse

London | Digital asset exchanges are rushing to reassure clients that their funds are safe as the collapse of Sam Bankman-Fried’s FTX crypto exchange ricochets through the industry.

Binance, the world’s biggest crypto trading venue, as well as smaller rivals including Crypto.com, OKX and Derebit have vowed to publish proof that they hold sufficient reserves to match their liabilities to customers.

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    Original URL: https://www.afr.com/companies/financial-services/crypto-exchanges-rush-to-assure-clients-after-ftx-collapse-20221114-p5bxyy