Checkmate: The Fall of FTX
A top crypto exchange has fallen. FTX is the latest casualty in an industry that has been rocked by numerous bankruptcies and collapses in 2022. The story of FTX's demise is a fascinating one.
This morning we’ve seen the news that crypto exchange FTX has started Chapter 11 bankruptcy proceedings. This is a fitting end to what has been an absolute roller coaster ride of a week in the cryptocurrency industry. A week that started with rumors that FTX might be insolvent. Rumors that were quickly confirmed when Binance and FTX agreed to a letter o…
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