Author: SESAMm– sesamm.com
November 11, 2022, FTX, a $32 billion cryptocurrency exchange company that many believed would “change the world,” filed for bankruptcy. This news shook the crypto and financial communities, compelling many to debate the future of the crypto market and its platforms.
How did FTX collapse?
You could say that FTX’s collapse began before the news broke, but here’s a summary of events as The New York Times and ABC News details: