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