Crypto exchanges try to calm the nerves of the customers after the collapse of FTX

The stock exchanges for digital assets hurry to assure customers that their funds are safe, while the collapse of the FTX crypto exchange from Sam Bankman-Fried bounced through the industry.

Binance, the world's largest crypto trading place, as well as smaller competitors such as Crypto.com, OKX and Derebit have promised to publish evidence that they have sufficient reserves to meet their liabilities towards customers. Coinbase, the stock exchange listed in the USA, has also tried to distance itself from the crisis that FTX, the trading center founded by Sam Bankman-Fried for digital assets.

The sudden collapse of FTX and Bankman-Frieds Trading-Shop Alameda Research In the past week, which was once regarded as pillars of the industry, trust in the market for digital assets has greatly eroded. FTX had less than 1 billion of $ 9 billion of $ 9 billion in liabilities before going bankrupt on Friday, the Financial Times reported on Saturday.

The balances of ether, the second largest cryptocurrency, have dropped by 7 percent to 22.9 million, according to data from the Blockchain analysis platform Nansen in the past two weeks. In the case of the current exchange rates, this indicates a decrease of about $ 2 billion and illustrates how some investors pull off their coins from centralized locations in order to store them in their own systems.

The CEO of Binance warned last week of the potential of a "cascading" crisis in the cryptos sector after the failure of FTX, which in his opinion could be similar to the global financial crisis of 2008. FTX had achieved an evaluation of $ 32 billion after it had completed business with well-known investors. B. the securing of name rights for the Miami Heat Arena, a public profile.

Coinbase sent an email to customers on Friday and described "how Coinbase's business is different and ultimately protects customer accounts and assets better". The email referred to the company's financial situation and said that the stock exchange, led by Chief Executive Brian Armstrong, keeps customer assets on a one-to-one basis. Coinbase rejected a comment that went beyond a blog post that it published last week.

trade places have also tried to distance themselves from the remains of FTX after the group said they examined abnormal transactions. Elliptic, a blockchain forum company, said on Saturday that there were indications that $ 477 million on crypto-assets had been decreased by the FTX on Friday evening.

Kraken, a crypto trading platform, Fror on Sunday a handful of the FTX Group, her sister trade company Alameda Research and her managers after talking to law enforcement officers. "These accounts were frozen to protect their creditors," said the company on Twitter and added that other octopus customers were not affected.

The Bahamas market viewing authority also said that "FTX Digital Markets LTD did not instruct, authorize or propose to prioritize withdrawals for Bahama customers". FTX, which is based in the island state, said after it had stopped paying customers last week that it would allow Bahamische Geldern to withdraw "in accordance with the regulations and supervisory authorities of the Baham Headquarters".

Meanwhile,

Binance interrupted the deposit of FTT, a token issued by FTX to protect users. "We have noticed a suspicious movement of a large amount of $ FTT by the tokens' contracting plate," said the stock exchange on Sunday and offered suggestions on how to protect their digital assets.