Commentary

Answers needed in curious case of FTX’s Singapore entity

A key issue that has come up is why Singapore retail users and their assets are not parked under FTX's Singapore entity Quoine, which received an exemption from MAS. PHOTO: NYTIMES
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SINGAPORE - The implosion of FTX, one of the darlings of the cryptocurrency world, has raised several important questions, the key of which points to fundamental flaws both within the exchange and outside.

FTX has filed for protection from bankruptcy as it owes billions to global users, wiping out hope that retail users can get any money back.

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