Did the FTX Bankruptcy Kill the Crypto Star?
Brian DeChesare
NOVEMBER 16, 2022
The specific catalyst was that the CEO of a rival exchange, Binance, announced that his firm would sell all its “FTT” tokens, which led to FTX customers panicking and attempting to withdraw more money than FTX had available. It sounds like an insane conspiracy theory, but it happened at FTX. billion of illiquid crypto tokens, $3.2
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