Indian investors unsure after international crypto exchanges collapse

The collapse began earlier this month when Binance CEO Changpeng Zhao announced his exchange was liquidating all FTX tokens

As the crypto world remains surrounded by mostly negative news, there has been a global meltdown in investment in the once-bright sector. Indian investors, too, seem wary, some of them reassessing their exposure and others completely withdrawing until they could make sense of the volatile situation.

Already on shaky ground, after several digital coins began losing their value a few months ago, the collapse started earlier this month when Binance CEO Changpeng Zhao announced his exchange was liquidating all FTX tokens. Last week, FTX filed for bankruptcy, and several others have suspended withdrawals.

Bitcoin, the most popular and largest crypto