In a situation that has become far too familiar to cryptocurrency investors, the FTX cryptocurrency exchange recently filed for bankruptcy. As a result, customers have lost around $8 Billion. Although we have become accustomed to failures of cryptocurrency exchanges, FTX stands out because it was supposed to be the "good guy" of crypto. Celebrities and YouTubers alike eagerly promoted FTX, and many people saw FTX as a safe place to park their cryptocurrency. So, what went wrong, and more importantly, what does the FTX disaster mean for you and the future of crypto?
FTX Implosion - Another Day, Another Failed Crypto Exchange
By The Part Time Economist | The Part Time Economist | 19 Nov 2022
The Part Time Economist
Hi everyone. I'm just a simple man trying to make my way in the universe. I am passionate about cryptocurrency and hope that I can make at least some small contribution towards promoting wider crypto adoption and understanding.
The Part Time Economist
Hi everyone. This is just a place for me to post some of my thoughts and analysis. I hope that someone finds them useful.
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