Crypto prices continue to crash after Binance pulled the plug on its proposed acquisition of FTX and the troubled exchange said it was facing bankruptcy unless it could raise $4 billion.
Meanwhile, the bitcoin price fell to as low as $15,597, but has since recovered 3.5% to trade at $16,350.
But stymie any prospect of an end to the turmoil soon is the mounting problems at Sam Bankman-Fried’s FTX exchange.... Read More: Why Crypto Prices Are Still Crashing and Will The Bleeding Stop Soon?