FTX Collapse
Web3 / crypto history
The sudden and dramatic collapse of the FTX cryptocurrency exchange in November 2022. Once one of the largest exchanges in the world, FTX filed for bankruptcy after a liquidity crisis revealed that the company had been misappropriating customer funds to cover losses at its affiliated trading firm, Alameda Research. The event led to massive market turmoil and the arrest of its founder, Sam Bankman-Fried.
Category: crypto history, cefi
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