The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Korea walks fine line between US, China in chip war

  • 3

    ChatGPT: boon or bane for banking industry?

  • 5

    Man arrested for opening airplane emergency exit during flight

  • 7

    Labor unions seek to attract migrant workers at shipyards

  • 9

    Asiana stops selling A321-200 emergency seats after man opened aircraft door mid-air

  • 11

    ENHYPEN reaches new career high with latest album 'Dark Blood'

  • 13

    Anticipated Korean blockbusters to check out this summer

  • 15

    Chun Woo-hee becomes chameleon con artist in 'Delightfully Deceitful'

  • 17

    Gov't moves to assist 3,400 Koreans stranded in typhoon-hit Guam

  • 19

    LG Electronics expands social contribution in Middle East, Africa

  • 2

    Jeju-based shamanism researcher documents connection between humans, crows

  • 4

    SHINee celebrates 15th anniversary of debut: 'It feels surreal'

  • 6

    Arrest warrant issued for man who opened plane door mid-air

  • 8

    Half of medical tourists visiting Korea inspired by K-culture

  • 10

    Hyundai Steel receives EPD certification for low-carbon H-beam products

  • 12

    RAS KOREAPreserving memories at Cheongju City Archives

  • 14

    Korea eyes launch of 4th Nuri space rocket in 2025

  • 16

    Mirae Asset holds ETF Rally 2023 for global expansion

  • 18

    Yoon, first lady star on TV show with adopted dog

  • 20

    POSCO named sustainability champion for 2nd consecutive year

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • National
  • World
  • Business
  • Lifestyle
  • Culture
  • Dear Abby
  • Editorial
  • Football Inside
  • Hackers Toeic
Tue, May 30, 2023 | 13:40
Business
FTX's collapse throws crypto market into chaos
FTX의 파산, 가상자산 시장에 혼란 일으켜
Posted : 2022-11-16 11:06
Updated : 2022-11-16 11:06
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
A sign for the FTX Arena, where the Miami Heat basketball team plays, is illuminated Nov. 12 in Miami. AP-Yonhap마이애미 히트 농구팀이 경기할 미국 플로리다 마이애미에 위치한 FTX 아레나에 12일 간판이 밝혀져 있다.
A sign for the FTX Arena, where the Miami Heat basketball team plays, is illuminated Nov. 12 in Miami. AP-Yonhap
마이애미 히트 농구팀이 경기할 미국 플로리다 마이애미에 위치한 FTX 아레나에 12일 간판이 밝혀져 있다.

By Lee Min-hyung


The abrupt collapse of FTX, the world's third-largest crypto exchange, is affecting more than 10,000 retail and corporate investors, leading to major market disruptions.
세계에서 세 번째로 큰 가상화폐 거래소인 FTX의 갑작스러운 파산 신청이 개인 및 기업 투자자 만여 명에게 파장을 일으키며 대규모의 시장 혼란으로 이어지고 있다.


Ever since the company initiated its U.S. bankruptcy processes recently, major cryptocurrencies and FTX's FTT tokens have been on a sharp decline. Bitcoin was priced around $21,000 on Nov. 6, but plunged below $16,000 on Nov. 10 when fears of the firm's liquidity crisis started heightening in Korea and abroad. As of Sunday at 2 p.m., the world's leading cryptocurrency was being traded at $16,800, according to data from market tracker CoinMarketCap.
최근 FTX가 미국에 파산 신청을 하며 주요 가상화폐 및 FTX의 자체 코인 FTT 토큰 가격이 급격히 떨어지고 있다. 비트코인 가격은 이번 달 6일 2만1000달러였지만 기업의 유동성 사태에 대한 공포가 국내외에서 고조되며 10일에는 1만6000달러 이하로 급락했다. 가상자산 시황중계사이트인 코인마켓캡의 조사에 따르면 일요일 오후 2시 기준 세계의 선도적인 가상화폐는 1만6800달러에 거래되고 있었다.


Other cryptocurrencies also extended losses during the same period. Ethereum's price fell by around 25 percent over the past week due to the massive liquidity crisis, with FTX reporting liabilities of up to $50 billion.
다른 가상화폐 역시 같은 기간 손실이 확대되었다. 지난 주 거대한 유동성 사태에 설상가상으로 FTX가 회사 부채를 500억 달러로 보고하면서 이더리움의 가격은 약 25% 급락했다.


According to data from app market tracker Mobile Index, the number of daily average users in Korea for FTX's crypto trading app FTX Pro reached 3,147 as of Nov. 7. More than 10,000 Korea-based investors are feared to lose their invested capital following FTX's latest decision. The app saw 10,140 monthly active users based in Korea last month, according to data from the company.
앱 시장 추적기 모바일인덱스의 자료에 의하면 FTX의 가상화폐 거래앱 FTX 프로의 일일 평균 한국 이용자수는 7일 기준 3천147명에 도달했다. 한국 투자자 만 명 이상이 FTX의 최근 결정에 따라 투자한 자본을 잃을까 염려하고 있다. 이 기업의 자료에 의하면 앱에는 1만140명의 월별 활성 사용자들이 있다.


The price of FTT has also showed a sharp downward trajectory over the past week. It was traded at $22 a week earlier, but tumbled to less than $2 on Sunday, a drop of more than 90 percent.
FTT 가격 역시 지난 주에 급격한 하향 궤도를 보였다. FTT는 일주일 전 22달러에 거래되었는데 일요일에 2달러 미만으로 추락해 90% 이상의 추락률을 보여주었다.


This situation is reminiscent of the crypto fiasco regarding the Terra-Luna ecosystem in May. The value of the once-red-hot Luna token also lost its value close to the zero level after about a week once the Terra stablecoin lost investors' confidence when it started losing its indented $1 peg.
이번 사태는 5월 테라 루나 생태계 관련한 가상화폐 대실패와 닮아있다. 한때 뜨겁게 달아올랐던 루나 토큰의 가치 역시 테라 스테이블코인(가격변화가 없는 코인)이 1달러의 톱니모양 페그를 잃기 시작했을 때 투자자의 신뢰를 잃은 뒤 일주일 만에 거의 0까지 가치를 잃었다.


Korea's major cryptocurrency exchanges also issued a warning against the volatile market sentiment soon after the FTX debacle erupted last week.
한국의 주요 가상화폐 거래소들 역시 지난 주 FTX 붕괴가 발생하고 얼마 뒤 불안한 시장 정서에 대해 경고했다.


The Digital Asset eXchange Alliance (DAXA), a joint consultative body of the nation's top five crypto exchanges, advised local investors to pay extra attention before making investments.
국내 상위 5개 가상 화폐 거래소의 연합 자문기구인 디지털자산거래소 공동협의체(DAXA)는 국내 투자자들에게 투자 전 각별히 주의를 기울이라고 조언했다.


"The crypto market is widening volatility due to the problem at the overseas exchange and its affiliates," it said in a joint statement. "Investors should take extra precautions."
DAXA는 연합 성명에서 "가상화폐 시장은 해외 거래소 및 계열사에서의 문제 때문에 변동성을 확대하고 있다"며 "투자자들은 각별히 조심해야 한다"고 전했다.

KEY WORDS
■ abrupt 돌연한, 갑작스러운
■ disruption 혼란, 중단
■ initiate 착수시키다
■ plunge 급락하다
■ heighten 고조되다[시키다]
■ liability (개인·회사의) 부채
■ downward 하향의
■ trajectory 궤적, 궤도
■ reminiscent of ~을 회상하게 하는
■ fiasco 낭패
■ debacle 대실패, 큰 낭패
■ consultative body 자문기구
■ volatile 불안한, 휘발성의
■ affiliate 계열(회)사

기사 원문 보기


Emailywjeon@ktimes.com Article ListMore articles by this reporter
 
wooribank
Top 10 Stories
1Korea eyes launch of 4th Nuri space rocket in 2025 Korea eyes launch of 4th Nuri space rocket in 2025
2Memorial Day 2023 Memorial Day 2023
3Japanese destroyer flies controversial flag as it arrives in Korea for joint drillJapanese destroyer flies controversial flag as it arrives in Korea for joint drill
4Korea's household debt-to-GDP ratio highest among 34 major economiesKorea's household debt-to-GDP ratio highest among 34 major economies
5[ANALYSIS] China's ban on Micron tests Washington-Seoul alliance ANALYSISChina's ban on Micron tests Washington-Seoul alliance
6Seoul on alert over Pyongyang's imminent spy satellite launch Seoul on alert over Pyongyang's imminent spy satellite launch
7Top 20% of income earners fuel increase in Q1 consumption as pandemic ends Top 20% of income earners fuel increase in Q1 consumption as pandemic ends
8Korea's diplomacy put to test amid signs of thaw in US-China relations Korea's diplomacy put to test amid signs of thaw in US-China relations
9Vietnam emerges as major market for Korean chipmakers Vietnam emerges as major market for Korean chipmakers
10Local governments appeal to young generations through YouTube Local governments appeal to young generations through YouTube
Top 5 Entertainment News
1SHINee celebrates 15th anniversary of debut: 'It feels surreal' SHINee celebrates 15th anniversary of debut: 'It feels surreal'
2ENHYPEN reaches new career high with latest album 'Dark Blood' ENHYPEN reaches new career high with latest album 'Dark Blood'
3'Transformers: Rise of the Beasts' raises bar with epic battle scenes 'Transformers: Rise of the Beasts' raises bar with epic battle scenes
4[INTERVIEW] Long-awaited extension of Korean Pavilion at Venice Biennale to be pushed forward INTERVIEWLong-awaited extension of Korean Pavilion at Venice Biennale to be pushed forward
5Chun Woo-hee becomes chameleon con artist in 'Delightfully Deceitful' Chun Woo-hee becomes chameleon con artist in 'Delightfully Deceitful'
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group