[Special Stock] Com2uS, Which Listed Its Own Coin on Bankrupt FTX, Plummets 13%
[Asia Economy Reporter Myung-hwan Lee] Com2uS is plummeting in the morning session on the 14th following news that FTX, the world's third-largest cryptocurrency exchange, has filed for bankruptcy. This appears to be due to the company's listing of its own issued cryptocurrency on FTX.
As of 9:48 AM, Com2uS is trading at 62,600 KRW, down 13.77% (10,000 KRW) compared to the previous trading day.
In March, Com2uS listed its self-issued cryptocurrency 'C2X' on FTX. With FTX filing for bankruptcy, concerns over losses for C2X investors are believed to be causing the sharp decline in stock price.
On the 11th (local time), FTX filed for bankruptcy protection in a Delaware court in the United States. FTX's liabilities are estimated to reach up to 66 trillion KRW, marking the largest bankruptcy of a related company in cryptocurrency history. Previously, Binance, the world's largest exchange, had expressed intent to acquire FTX but withdrew the offer after one day, leading to the bankruptcy protection filing.
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In a statement on Twitter, FTX said, "We have voluntarily initiated bankruptcy protection proceedings to liquidate assets and begin an orderly review process for the benefit of all stakeholders worldwide."
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