London CNN Business  —  The stunning downfall of the FTX exchange, one of the biggest and most reputable players in the market for digital assets, is sparking alarm among people who own cryptocurrencies as investors run for cover.

Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus found unusual trading patterns over the past five days as FTX was gating customer withdrawals.

NEW YORK — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.

The cryptocurrency market tumbled Tuesday after Binance and FTX, the world’s two biggest crypto exchanges, agreed to merge to address what Binance called a “liquidity crunch.”

Despite the recent crash in cryptocurrency markets, the technology behind stablecoins – a type of cryptocurrency whose value is pegged to another asset, such as the U.S. dollar or gold – will continue to play an important part in the evolution of the monetary system

New York (CNN Business) — It was a jaw-dropping, curse-out-loud-at-work kind of day in the crypto world, which, even on its best day, is a volatile and weird place. Here’s the deal: Cryptos were down all morning on concerns about the solvency of FTX