The Crypto Basic
2022-11-12 10:05:12

13,000 ETH Burned In A Few Days As FTX Collapse Causes Surge In On-Chain Transactions

FTX collapse has an unexpected effect on Ethereum. A surge in on-chain transactions has led to the burning of 13,000 ETH in just three days, according to data from Etherscan. It comes as users rushed to take their assets off exchanges as rumors of FTX’s insolvency took hold. Former FTX CEO Sam Bankman-Fried, in a The post 13,000 ETH Burned In A Few Days As FTX Collapse Causes Surge In On-Chain Transactions first appeared on The Crypto Basic .

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