Australian Crypto Exchange Crashes Following The FTX Collapse

crypto exchange crashes

As an Australian-based cryptocurrency exchange goes out of business, thousands of consumers are left behind. The Digital Surge app is now formally run by administrators as the significant crypto meltdown proceeds. All 30,000 of the company’s clients cannot trade or withdraw any money.

However, if you are one of these people, don’t worry just yet. The directors of the company intend to spend $1 million of their own funds to settle the debts.

Customers of Digital Surge have also been told by administrators KordaMentha that recovering their monies is of the utmost importance.

“We recognize the uncertainties that the volunteer administration will bring. Customers will be fully aware of the administration’s progress through proactive and regular communication, according to Scott Langdon of KordaMentha.

Crypto News Australia, Digital Surge, digital surge app

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