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Is The Next Crypto Exchange To Get Bankrupted ?

The post <strong>Is The Next Crypto Exchange To Get Bankrupted ?</strong> appeared first on Coinpedia Fintech News

While the crypto market is still recovering from FTX bankruptcy, market experts warn for another exchange to collapse. The Singapore based crypto exchange, reported on Nov 13 that the firm transferred nearly $400 million in Ethereum to a whitelisted address instead of a new cold storage address.

Also Kris Marszalek, CEO at confirmed via Twitter that 320,000 cryptos were sent to a whitelisted address connected to instead of a new cold storage address. However, though the CEO confirmed that has returned all the transferred funds, customers have started withdrawing their funds. Following the event, Binance CEO, Changpeng Zhao has warned investors to stay safe, indicating another exchange’s collapse. shares this Contents always with License.

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