(Nov 12): Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about US$662 million (RM3.11 billion) in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry. The main wallet belonging to FTX was drained of its entire balance in FTT during the incident, according to Nansen. The US Securities and Exchange Commission is investigating how closely intertwined his businesses were, and whether FTX mishandled customer funds. The claims couldn’t be immediately verified, and several calls to FTX officials outside regular US business hours went unanswered. Read also:Crypto exchange FTX files for bankruptcy as wunderkind CEO exits

Source: The Edge Markets November 13, 2022 01:57 UTC