$30 Billion FTX Collapse: Why It’s A Cautionary Tale, And Won’t Be The Last

The News Craving

By The Conversation 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. All that has changed in the past two weeks. First, concerns emerged about links between FTX and an asset-trading firm called Alameda Research, including suggestions that customers’ funds have been transferred from FTX to Alameda. Also Read:FTX Bankruptcy Won’t Have Effects To The Wider World. Here’s Why A few days later, rival firm Binance (t…

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