How Trouble Started Surrounding Cryptocurrency, FTX

FTX, led by CEO Sam Bankman-Fried, quickly gained prominence in the cryptocurrency market through high-profile deals and marketing. However, the company collapsed due to liquidity issues and questionable financial practices, leading to a massive sell-off of its cryptocurrency, FTT. The fallout affected the entire crypto industry, causing significant financial losses and prompting calls for increased regulation and oversight to prevent similar incidents in the future.

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