@SnowUnderSun 10 November 2022

Expect crypto turmoil to get worse Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange. Larger rival Binance walked away from a bailout deal on Wednesday. FTX founder Sam Bankman-Fried said he was “exploring all the options”, but fading hopes for a rescue left the exchange teetering. A message on the FTX website said: “FTX is currently unable to process withdrawals. We strongly advise against depositing.” Binance backed out of a non-binding offer to buy FTX after due diligence. Another exchange, OKX, said it was also approached by Bankman-Fried this week, who described liabilities of $7 billion that needed... Binance backed out of a non-binding offer to buy FTX after due diligence. Another exchange, OKX, said it was also approached by Bankman-Fried this week, who described liabilities of $7 billion that needed... https://www.bangkokpost.com/business/2434749/investors-expect-crypto-turmoil-to-get-worse.