Australian crypto exchange Digital Surge saved after $1.25m loan from creditors
by Josh Taylor from World news | The Guardian on (#684NP)
The Brisbane-based firm lost $33m in the collapse of the global platform FTX but now aims to pay back customers over five years
A Brisbane-based cryptocurrency exchange will continue to operate after creditors agreed to a long-term plan from administrators keep the business going in an attempt to recover from the global collapse of FTX.
Digital Surge went into administration in December last year as a result of the company having transferred $33m worth of its assets to global platform FTX just two weeks before that company's spectacular collapse in November.
Continue reading...