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Australian crypto exchange collapse

Australian crypto exchange collapse

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MyCryptoWallet was established in and for a buyer to purchase signed up 20, customers.

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A Look Inside Sam Bankman-Fried�s FTX Empire Before It Collapsed
Brisbane-based cryptocurrency exchange Digital Surge has collapsed into administration, suspending more than 30, user accounts after it. Australian cryptocurrency exchange Swyftx Pty Ltd cut 90 staff members � or 40% of its workforce � to prepare for a �worst-case scenario� in. Tens of thousands of Australians stung by the latest cryptocurrency exchange collapse could be waiting years to get their money back, if at all.

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Should retail investors take a punt on the stock? Mr Fabre said he thought his investments would be safe on the exchange. The federal government is expected to introduce legislation to regulate cryptocurrency in His report found that there was poor record keeping of customers' funds used in this manner.