Taiwan was officially certified by the FTX bankruptcy as the “fifth worst hit area”, second only to the United Kingdom, Singapore, South Korea… |

FTX, the world’s second largest exchange, collapsed, and many countries have become the hardest hit areas, including Taiwan. After deducting registered users of legal entities such as the British Virgin Islands and the Cayman Islands, Taiwanese retail investors In the storm event and thunder this, it was officially certified as the “fifth most affected area”.
(Review:The FTX Thunderbolt after-shows “rearrange the forces? Western institutions were destroyed and hit hard, Asia and the Pacific survived)
(background attachment:First day of FTX court session” Bankruptcy Lawyer: A large number of assets have been stolen and disappeared! Well-functioning business units will be sold)

according toAccording to a report released by Crypto.com a few days ago, about 5% of the world’s population holds cryptocurrencies, and it can be said that the recent fall of FTX, the world’s second largest exchange, is widely related, and many countries have become the hardest hit areas of this event, Taiwan is no exception, preliminary estimates may exceed hundreds of thousands of victims.

Taiwan officially certified as the “fifth worst hit area”

Although the number of victims is still unknown, according to FTX’s lawyer, James Bromley revealed the source of FTX’s customers at the bankruptcy hearingshowTaiwanese customers may FTX as high as 3% based on the estimated amount.

It is worth noting that the regions with a relatively high number of victims this time include: the British Virgin Islands, the Cayman Islands, the Bahamas and Bermuda … and other tax havens that are mainly registered as entities legal. If they are deducted, Taiwanese retail investors In this thunderstorm event, it was officially certified as the “fifth most affected area”. In addition, among the top five persecuted countries, only Singapore has a smaller population than Taiwan, which shows the seriousness of the situation. According to KOLs who know the currency circle, the range of damage in Taiwan is wider than imagined. Not only the petty bourgeoisie, but also many super players in the currency circle There are hundreds of millions of Taiwan dollars) take away.

In addition, Asian countries were most of the hardest hit areas this time, and the UK was the only European country in the top five, coming first with China with 8% compensation, while Singapore and South Korea are third and fourth with 6. % and 4% respectively. .

As for the United States, which is FTX’s main marketing base, FTX has not only recruited celebrities such as NBA star Stephen Curry and legendary NFL quarterback Tom Brady to endorse, its founder Sam Bankman-Fried (SBF) invested 73 million dollars the US too. in the mid-term elections of the United States. Unexpectedly, only 2% of the compensation amount was received this time.

FTX global customer volume ratio ranking (with legal entity countries deducted). Source: FTX attorney James Bromley

Colin Wu: Taiwan prefers FTX

Colin Wu also mentioned in the community recently:

Taiwan feels that FTX is not just an exchange operated by mainland Chinese. I feel that the exchanges run by mainland China are not safe.

There are three other reasons: FTX has done a good job in the local community, ambassadors, and marketing; FTX deposits and withdrawals are convenient; FTX provides financial management with a high interest rate of 8%, and some people even borrow money to deposit in the bank.

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