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Markets: Bitcoin, other crypto start week lower as FTX collapse continues rumble through the industry

Bitcoins sitting on top of US$100 bills. | Markets: Bitcoin, other crypto start week lower as FTX collapse continues rumble through the industry

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Bitcoin and Ether both fell in Monday morning trading in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. With the exception of XRP, all the top 10 also lost ground over the last seven days as more details emerged about the failure of the FTX exchange. In addition, FTX appealed to other exchanges to help track the hacker who stole an estimated US$600 million from the Bahamas-based exchange and began moving the funds into other tokens.

See related article: FTX hacker becomes 35th largest Ethereum holder

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See related article: FTX files for bankruptcy, Sam Bankman-Fried steps down as CEO

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