FTX, Lehman Brothers of crypto – FTX has certainly had as much of an impact on the cryptocurrency world as this former financial giant had in its day, Ruined world. A drama whose repercussions affect the entire planet. And as far as Australia reaches where support is being provided to help the thousands of victims. decryption.
Australia is in the grip of an FTX disaster
FTX disaster affects around the world And Australia in this story does not spare. Nearly 30,000 Australians and more than 130 businesses in the country have been affected by the bankruptcy of the former crypto giant. In order to help them get their money back, the Australian financial regulator has put an end to Financial license (AFS, Australian Financial Service) allowing FTX to operate as an exchange in the territory. L’Advertising Just madeAustralian Securities and Investments Commission (ASIC) This Thursday, November 16th.
Until then, this license gave FTX the right to act as a broker for Australians in Derivatives markets and foreign exchange contracts. Services are now limited to closing these activities and withdrawing customer funds. However, despite this, customers are by no means guaranteed that they will be able to get their money back.
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KordaMentha to help the victims
In order to help them, the investment and advisory firm Corda MenthaHeadquartered in Sydney, Kan Requested. John MoawadAnd the Scott Langdon And the Rahul Joya You will interfere in restructuring FTX Australia. Their primary goal will be to try to recover money from the victims. FTX Australia employees are already working with KordaMentha to find solutions.
Companies, individuals and protocols. BlockFi, SALT, Liquid, Genesis Trading… Every day the list of victims is getting longer. Collateral damage is up to hole in the FTX case. Billions of dollars would cause a lot of questions in the cryptocurrency field.
Mistrust is now setting in among investors and it will take a long time to subside. Radical changes are expected within the ecosystem. Changes we wish for the best to emerge in this turbulent universe full of technological promises for the future Just like bitcoin gets stronger after each difficulty.
The events of the past week and the FTX bankruptcy are there to remind us that we must remain cautious in this still very young ecosystem. Get into a healthy habit of distrust. to buy your cryptocurrency, Sign up now on Bitget And start learning about the exciting world of blockchain technology (trade link).