Monitoring Collateral Damage - Kraken & Crypto.com

In the aftermath of the implosion of FTX Group and its sister trading firm Alameda Research, major exchanges such as Kraken have frozen accounts associated with the two firms. After losing half of its value due to contagion concerns and issues regarding the mishandling of transactions, CRO has made a slight recovery.

  • Kraken froze accounts associated with FTX and Alameda Research “to protect their creditors.”
  • com Coin CRO lost half of its value due to contagion concerns and issues regarding the mishandling of transactions.
  • After hitting a 22-month low on Monday, CRO makes a slight recovery.

After FTX Group and its sister trading firm, Alameda Research, filed for bankruptcy in the United States and suffered a hack on its platform, a firestorm erupted throughout the whole cryptocurrency market that some in the finance industry are even comparing to the 2008 financial crisis. The sudden collapse caused major exchanges such as Kraken …

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