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Past banking crises hold lessons for crypto | Learn English phrase 'sour on'
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Cryptocurrency: A Liquidity Crisis or Solvency Crisis?
FTX, a popular crypto exchange, had a solvency crisis and lost $8 billion of customer money. Poof, and its collapse has precipitated a liquidity crisis at other exchanges. The irresponsibility of FTX is affecting even the crypto exchanges that acted responsibly. Customers around the world are souring on the whole crypto project. We'll talk about next Monday, what happened at FTX, the largest crypto exchange to collapse,. Its 30-year-old founder is facing over 100 years in prison.
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