Why The FTX Collapse Shook The Bahamas
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The crypto exchange FTX was supposed to be among the “credible” players operating in digital finance. But its swift descent into bankruptcy shocked the financial industry. The FT’s asset management correspondent Josh Oliver explains what went wrong, and markets editor Katie Ma ...
The crypto market may not be dead, but it’s arguably in a temporary coma thanks to the spectacular implosion of Sam Bankman-Fried’s FTX. The bankrupt crypto exchange, with billions of dollars of customer funds allegedly missing, has spooked all but the hardcore believers and p ...