Collapsed crypto exchange FTX outlined a 'severe liquidity crisis' in official bankruptcy filings released on Tuesday, as regulators opened probes and called for the faster implementation of rules for the hamstrung industry.
Crypto industry peers and partners have been quick to distance themselves from FTX or proclaim sound financials, while bitcoin with losses of 19% this month and other tokens have suffered.
French central bank Governor Francois Villeroy de Galhau in a speech in Tokyo called for a global regulatory response to financial uncertainty caused by the crypto market. FTX's filing stated the "Debtors' Chapter l1 Cases are complex, consisting of over one hundred debtor entities and involving non-traditional assets."The firm said it has been in contact with the U.S. Attorney's Office, SEC, CFTC, and dozens of federal, state and international regulatory agencies over the past 72 hours.
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