Australians who invested in the FTX cryptocurrency exchange are unable to withdraw their funds as the company's local arm goes into voluntary administration.
on a leaked financial document claiming Mr Bankman-Fried's trading firm Alameda Research was backed by a significant amount of a cryptocurrency known as FTT, sold by his own FTX exchange.in the collapse — then announced his company would sell its FTT tokens.to the tune of more than $US6 billion in 72 hours.
At this point, she sees the story as the downfall of a young entrepreneur who began to "believe their own hype. A red banner across the top of the website on Friday told customers the site was unable to process withdrawals and "strongly" advised against depositing.
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