Last month FTX, once the world’s second-largest cryptocurrency exchange, filed for bankruptcy less than a week after a run on the exchange. Photo: Getty Images/TNS
Last month FTX, once the world’s second-largest cryptocurrency exchange, filed for bankruptcy less than a week after a run on the exchange. Photo: Getty Images/TNS

Hong Kong securities watchdog warns of high risks associated with virtual assets after cryptocurrency exchange FTX collapse

  • Investors who do not fully understand virtual assets and are unable to bear high losses should not invest in such products, SFC says
  • The warning comes after FTX, once the world’s second-largest cryptocurrency exchange, filed for bankruptcy last month

Last month FTX, once the world’s second-largest cryptocurrency exchange, filed for bankruptcy less than a week after a run on the exchange. Photo: Getty Images/TNS
Last month FTX, once the world’s second-largest cryptocurrency exchange, filed for bankruptcy less than a week after a run on the exchange. Photo: Getty Images/TNS
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