What Went Wrong with the FTX Collapse?

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RandomStuffs

News & Politics

from RandomStuffs Nov 17, 2022

Before FTX's implosion, Sam Bankman-Fried was hailed as a crypto savior. The cryptocurrency exchange FTX was considered a survivor in a struggling market, but it collapsed due to a sudden liquidity crunch over the course of six days. According to WSJ, the factors that drove FTX's growth also contributed to its downfall. The illustration was created by Alexandra Larkin

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