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Collapse of FTX exchange chills retirement interest in crypto: Report

Posted On: Nov. 14, 2022 9:58 AM CST

The rapid collapse of cryptocurrency exchange FTX has some in the retirement industry second-guessing a recent push toward including cryptocurrency in 401(k)s and other defined contribution retirement plans, Planadvisor reports. The fast fall of FTX, which caused a related drop in mainstay cryptocurrencies such as bitcoin, came to a head Nov. 11 with Bahamas-based FTX filing for Chapter 11 bankruptcy.