How did a company that was once valued at $32 billion capitulate so quickly? That’s probably what everyone watching the unexpected bankruptcy of FTX, a hot crypto startup that recently shut down, is puzzling over.
Continue reading “Implications for the crypto industry since the FTX collapse”
In early November, one of the world’ largest crypto exchanges, FTX, filed for bankruptcy and its CEO Sam Bankman-Fried resigned. This news caused uproar in the crypto community. Not only is the industry experiencing a prolonged meltdown, but a major exchange has also collapsed.
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