Hey Aussie,The crypto industry remains mired in a deep downturn after a $US2 trillion rout in digital assets over the past year. The slide has been pockmarked with a series of blowups of which FTX, once valued at $US32 billion, was perhaps the most damaging.Binance Holdings, the dominant cryptocurrency exchange, has been hit by large outflows as traders move to take custody of their tokens amid revelations that rival FTX may have misused customer funds before its November implosion.Net outflows of digital tokens from Binance amounted to about $US3.7 billion ($5.4 billion) in the past week, including almost $US2 billion in the last 24 hours, according to data from research firm Nansen as of 9.20am on Tuesday in London.What do you think about cryptocurrencies?💡Share Your InsightsPlease leave
Focus on FTX Bankruptcy
How did a company valued at $32 billion go bankrupt almost overnight?