FTX Collapse: CoinDesk Explores Its Sale

Published by
The Street

By Luc Olinga The consequences of the cryptocurrency exchange bankruptcy continue to reverberate in the crypto space. Sam Bankman-Fried’s crypto empire collapsed on November 11, a victim of mass withdrawal demands from clients and investors. The cryptocurrency exchange FTX and its sister company Alameda Research, a hedge fund and trading platform, had been unable to meet the demands of fund withdrawals from panicked customers. Bankman-Fried, known in the crypto sphere by the initials SBF, was then forced to file for Chapter 11 bankruptcy. The list of collateral victims of this financial disast…

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