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Claims and rumors fuel crypto market turmoil amid FTX collapse

Published 11/10/2022, 08:19 AM
Updated 11/10/2022, 10:00 AM
Claims and rumors fuel crypto market turmoil amid FTX collapse

While information leaks and unconfirmed reports can be a way for the truth to reach the public, they can also be a tool that fans the flames to grow even further in an already burnt-out crypto market.

In a recent article, Reuters claimed that FTX used some of its customer deposits to support Alameda Research from its financial difficulties. Apart from this, the mainstream media outlet also described Binance pulling out of the FTX acquisition as a “failed bid to save crypto.”

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