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What Happened to FTX

FTX’s collapse took place over a 10-day period in November 2022. The catalyst was a Nov. 2 scoop by crypto news site CoinDesk that revealed that Alameda Research, the quant trading firm also run by Bankman-Fried, held a position valued at $5 billion in FTT, the native tokenof FTX. The report disclosed that Alameda’s investment foundation was also i...

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