South Korea and Singapore Hit Hardest by FTX Collapse: Report
The fallout from the FTX collapse will be measured for years to come. Geographically, three Asian countries have been impacted the most. The report is slightly misleading, however, as it ranked the top 30 countries by monthly users, not the amount lost by customers in each country.
The third largest user base was also an Asian country, with Japan accounting for 223,513 unique users on average visiting FTX.com monthly. Japanese investment giant, SoftBank, invested $100 million in FTX earlier this year, it reported. Taiwan and India were also in the top ten, and Asian countries in the top 15 accounted for more than 25% of the users of FTX. The details from the FTX bankruptcy filings were unveiled over the weekend.
Source
@TradeCryptoNow
