Hong Kong Crypto Platform Hbit's $18.1M Stuck in FTX

Hong Kong Crypto Platform Hbit’s $18.1M Stuck in FTX

The collapse of the FTX crypto exchange has sent shockwaves across the crypto industry. FTX’s trouble has caused the crypto market to tumble and the crypto community to worry about how the entire industry will be impacted. Crypto exchange Crypto.com said it had a $10 million exposure to FTX and Genesis, a trading firm, said it had $175 million in locked funds in its FTX trading account, plus many others have reported having exposure to FTX.

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