The spectacular collapse of a $30 bn crypto exchange should come as no surprise
The price of FTT has now plunged. A week ago it was trading at US$24. Now it is at less than US$4.
CANBERRA : Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.
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