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Digital Surge collapses into administration following collapse of crypto exchange FTX

Aussie crypto exchange collapses on the heels of FTX debacle – leaving tens of thousands of investors in ruin

Australian cryptocurrency exchange Digital Surge has fallen into administration just weeks after the collapse of multi-billion dollar crypto exchange FTX.

Some 30,000 Australian customers are now unable to move or withdraw money on the trading platform.

It comes after the Brisbane-based firm was forced to temporarily suspend all deposits and withdrawals following the collapse of FTX.

FTX filed for Chapter 11 bankruptcy on November 11 with the multi-billion dollar exchange now under the control of an externally appointed CEO.

Digital Surge was created in 2017 and allowed customers to access 300 digital currencies. 

More to come 


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