Collapse of FTX

In the blink of an eye, a crypto giant fell from grace. FTX, once a titan in the cryptocurrency exchange world, crumbled spectacularly, sending shockwaves through the entire industry. Founded by the charismatic Sam Bankman-Fried, FTX's meteoric rise was matched only by its catastrophic downfall. What began as whispers of financial irregularities quickly spiraled into a full-blown crisis, leaving investors stunned and regulators scrambling. As the dust settles, we're left to ponder: How did a company valued at $32 billion implode so swiftly? What does this mean for the future of cryptocurrency? And most importantly, what lessons can we learn from this unprecedented collapse that shook the very foundations of the digital finance world?

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