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Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout
Australian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in the now-bankrupt FTX crypto exchange. On Jan. 24 local time, Digital Surge creditors approved a five-year bailout plan, which aims to eventually refund its 22,545 customers who had their digital assets frozen on the platform since Nov. 16, while allowing the exchange to continue operating. The rescue plan was first floated to customers by the exchanges’ directors via email on Dec. 8, the same day the company fell into administration. As per the “Deed of ... (full story)
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- Posted: Jan 25, 2023 3:28am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 74
