FTX's collapse prompted the largest-ever outflow of bitcoin from crypto exchanges, with investors pulling $1.5 billion last month

Dec 12 2022 by Business Insider

 
Sam Bankman-Fried, founder and CEO of crypto exchange FTX.

FTX Official/YouTube

In November, investors pulled nearly $1.5 billion in bitcoin from crypto exchanges.  The fallout of FTX's collapse has rocked the crypto market, and November's bitcoin outflows were the highest ever.  Bitcoin is down roughly 63% in 2022, tumbling from an all-time high of $69,000 in November 2021. 

The implosion of FTX has led to a record amount of bitcoin outflows from cryptocurrency exchanges, as the episode...

Continue Reading FTX's collapse prompted the largest-ever outflow of bitcoin from crypto exchanges, with investors pulling $1.5 billion last month