There’s more trouble for crypto with some banks in the UK blocking payments to and from crypto exchanges in the wake of the FTX collapse
In the Uk alone, more than 80,000 traders are out of pocket.
Starling Bank has tightened its controls on payments and is blocking all outgoing and incoming payments from crypto exchange.
It comes as Sam Bankman-Fried, the disgraced founder of the now collapsed FTX, says he “deeply regrets” the collapse of his crypto empire.
He apologised to staff in a letter that outlined a crash in “collateral” from $60bn to $9bn.
Court filings have revealed a chaotic organisation with deep financial problems.
Meanwhile, Bitcoin jumped higher bouncing off the previous day’s two-year low, even as traders remain cautious over the possible contagion from the collapse of cryptocurrency exchange FTX.
The world’s largest digital currency rose more than 5%.
