Less than .05% of assets invested in FTX, aiming for emerging fintech exposure
OSFI, FCAC, CDIC call out firms' conduct, prudential responsibilities
FINRA seeks information on firms' recent crypto-related communications
Investors were lured by rising Bitcoin prices only to suffer trading losses, research finds
One consequence could be more regulation
Founder Sam Bankman-Fried has resigned as CEO, Binance backed out of acquisition deal
Bitcoin down 12%, Ethereum down 13%
Shares of publicly traded companies with heavy exposure to crypto were also down
The deal would make Binance an even more dominant player in the cryptocurrency industry
The regulator said investors fell prey to the hype around digital assets