Cryptocurrency exchange - FTX has filed for protection from bankruptcy as it owes billions to global users, wiping out hope that retail users can get any money back. And as ST Business Correspondent Claire Huang writes, herein lies a problem: Why are Singapore retail users and their assets not parked under FTX’s Singapore entity, Quoine, which has received an exemption from the Monetary Authority of Singapore (MAS)? Rachel Kelly speaks to Claire to discuss this further.