The Financial Markets Authority has reinforced its warnings to consumers about the risks of trading in crypto assets in the wake of the collapse of global cryptocurrency exchange FTX.
FTX founder Sam Bankman-Fried put the US$32 billion exchange, along with FTX US and his trading firm Alameda Research, into bankruptcy on Friday, with creditors exceeding 100,000.
According to Australian media around 30,000 Australians have been caught up in the collapse. Questions to administrator Korda Mentha about whether any New Zealanders were creditors did not receive a response by deadline.
Paul Quickenden, head of New Zealand for EasyCrypto - a New Zealand-based crypto exchange - which has no links to FTX, said it was likely some New Zealand-based traders would have been affected.