Australian cryptocurrency exchange Digital Surge has entered bankruptcy proceedings after previously trading with FTX

ChainCatcher news reports that Digital Surge, an Australian cryptocurrency exchange established in 2017, has entered bankruptcy proceedings, leaving its 30,000 Australian customers unable to trade or withdraw funds. KordaMentha Restructuring has been appointed as the administrator and is working on a rescue plan. It is reported that Digital Surge has been using the FTX platform for some of its transactions.

Previously in November, Digital Surge stated that it was unable to operate normally due to the impact of the FTX Australia management and suspended all deposit and withdrawal activities, expecting to make a further announcement regarding the situation within 14 days. (source link)