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How FTX Went Bankrupt | What Went Wrong | WSJ
- Published_at:2022-11-14
- Category:News & Politics
- Channel:Wall Street Journal
- tags: techy ftx bankruptcy crypto cryptocurrency bitcoin ethereum ftx bankruptcy ftx downfall the downfall of ftx the fall of ftx ftx explained explained the fall of ftx explained ftx explain what is ftx what happened to ftx ftx? wsj the wall street journal ftx controversy controversy controversial
- description: Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion. Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #WSJ #FTX #crypto
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| 2022-11-16 | 619,246 | 9,929 | 2,780 |
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