LONDON/SINGAPORE :Cryptocurrencies fell heavily on Tuesday and the in-house token of major crypto exchange FTX slumped by almost a quarter as investors appeared to take fright at talk of pressure on FTX's financials.
FTX founder Sam Bankman-Fried said the exchange was"fine" and that concerns were"false rumours". FTX had no immediate comment when contacted by Reuters on Tuesday. "On-chain analytics show hundreds of millions being withdrawn from FTX over the last day," said Matthew Dibb, chief operating officer of Singapore-based crypto investment manager Stack Funds.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: