NewsBite

Opinion

Jessica Sier

FTX investor losses show the dangers of giving control to exchanges

A single bitcoin is worth $US26,000 more today than when the exchange collapsed, but investors being “paid back” won’t see any of that upside.

Jessica SierNorth Asia correspondent

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Tortuous conversations around “if only I’d bought bitcoin back in ...” have started again. Only now, they’re more likely to be: “If only FTX had repaid me my bitcoin instead of US dollars ...”

Last week, the administrators of collapsed crypto exchange FTX announced that all creditors – from investors to traders to the Bahamas beach bar – would be paid back in full.

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

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Technology

Fetching latest articles

Most Viewed In Technology

    Original URL: https://www.afr.com/technology/ftx-investor-losses-show-the-dangers-of-giving-control-to-exchanges-20240202-p5f1w1