Crypto Markets Tumble as FTX Reportedly Hit With $6B of Withdrawals

Fears over FTX’s solvency led to massive withdrawals from the cryptocurrency exchange, an offer from rival Binance to purchase the company, and ripple effects throughout the crypto markets. CoinDesk’s Tracy Wang has the latest details in this developing story. Also joining “First Mover” to discuss are Rep. Jim Himes (D-Conn.), Kristin Smith of the Blockchain Association and Sylvia Jablonski of Defiance ETFs.

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