Investors began pulling funds from Singapore-based Crypto.com on Monday, questioning the exchange’s handling of a $US400 million ($600 million) transfer, in a sign that the dramatic collapse of FTX.com last week is sparking contagion among more digital asset exchanges.
Australian investors confirmed they were withdrawing money from the Crypto.com exchange on Monday afternoon, pointing to widespread concern over the reliability of centralised exchanges.
Loading...
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
