A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. crypto
According to the analysis, South Korea is most impacted by the fallout of FTX as 297,229 unique users from the country visited FTX.com monthly on average. This represented 6.1% of the website’s traffic.
The next most-impacted country is Singapore where 241,675 unique users visited the FTX website monthly, representing 5% of the site’s traffic globally. When Binance shut down its Singapore operations in December last year, Binance users reportedly switched to FTX. The third most-impacted country is Japan where 223,513 unique users visited the FTX website monthly, accounting for 4.6% of the website’s traffic. Earlier this year, Japanese conglomerate Softbank invested $100 million in FTX.Besides the three aforementioned countries, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most impacted by the meltdown of FTX. The analysis shows that only 92,935 FTX site visitors were from the U.S.
FTX is currently under investigation in various countries. In the U.S., the Department of Justice , the Securities and Exchange Commission , and the Commodity Futures Trading Commission are
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