The collapse of the FTX platform, one of the largest cryptocurrency exchanges, almost..
The collapse of the FTX platform, one of the largest cryptocurrency exchanges, almost..
The collapse of the FTX platform and founder Sam Bankman Fried is no longer a billionaire
FTX is one of the largest cryptocurrency exchanges in the world by market capitalization and at one time was second only to Binance.
The FTX platform is a savior that prevents fellow crypto firms from going bankrupt and a savior that helps stabilize the market.
The platform lent $120 million to Liquid and later bought it for an undisclosed amount. It acquired Voyager for $1.4 billion.
To make these acquisitions, the FTX platform needs significant financial strength. With that in mind, you can see why it was one of the last crypto companies people thought would fail.
