Two crypto KiwiSavers avoid FTX crossfire
Regulation calls, after collapse of embattled cryptocurrency trading platform undermines what little trust was left in the crypto industry.
FTX had about US$900m in liquid assets to cover about $9b in liabilities.
Local KiwiSaver providers which invest in digital assets appear to be unscathed by the stunning collapse of one of the world’s largest cryptocurrency platforms, FTX.
FTX, its sister company Alameda Research and about 130 other associated firms filed for chapter 11 bankruptcy in the United States
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