Bitcoin moves off exchanges following FTX collapse, addresses in loss at all-time high

InfoNesia.xyz – The FTX disaster spurred Bitcoin‘s community to do as they preach and move their coins off of exchanges.

The bankruptcy of major cryptocurrency exchange FTX may have left over one million creditors and a never-before-seen level of distrust in crypto service providers. This resulted in a mass migration of funds off those platforms and an inflow of new users to decentralized alternatives such as decentralized exchanges (DEXs).