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How $32B crypto company FTX collapsed and sent digital currency reeling

Por: ABC News Business November 11, 2022

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The sector is reeling after the collapse of FTX, a digital currency exchange valued earlier this year at $32 billion and made famous by a Super Bowl ad starring comedian Larry David.Concerns of financial instability at FTX – a top platform where users buy and sell crypto – triggered a wave of customer withdrawals totaling billions of dollars. But FTX lacked sufficient funds to pay sellers, instead imposing a halt on withdrawals altogether.... + full article



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