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Bangkok Post
Bangkok Post
Business

HISTORICAL FACTS: Investors expect crypto turmoil to get worse - Caught on Camera

Binance, the world’s largest crypto exchange, has reportedly walked away from a plan to bail out rival FTX, causing fresh turmoil in the industry. (Reuters Photo)

Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange.

Larger rival Binance walked away from a bailout deal on Wednesday. FTX founder Sam Bankman-Fried said he was “exploring all the options”, but fading hopes for a rescue left the exchange teetering.

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