Tuesday, January 31
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Tag: Sinking ship not worth saving

The Fall of FTX

The Fall of FTX

Finance
Shock waves are being felt across the cryptocurrency industry and the broader financial system, as news of the collapse of FTX goes worldwide. On Tuesday, it was revealed that FTX, one of the biggest cryptocurrency exchanges, and the property of multi-billionaire entrepreneur Sam Bankman-Fried, had been saved from a liquidity problem by its main competitor Binance.  A day later though, it all came crashing down.  Let's take a look at the events that triggered this massive sell-off of crypto and spooked the whole market. Remember that with the help of the trading tools and platform provided by a trusted and regulated broker such as easymarkets.com, you can conveniently and easily capitalize on volatile conditions like these. Behind the FTX “liquidity crunch” Only ...