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Stuart Varney on FTX ‘collapsing’: Trust in cryptocurrencies is fading fast

FOX Business host Stuart Varney argues markets ‘need the trust of investors.’

STUART VARNEY: When you use the word “collapse” in the financial world, you’re talking serious stuff. 

Well, that word is being used today.

FTX, the big crypto exchange is collapsing. A rival firm, Binance, having taken a look at the books, now refuses to bail it out.

FTX is insolvent.

That means a lot of people who own crypto can’t get their money out.

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