The Rise and Fall of FTX

This chapter examines the meteoric rise of the cryptocurrency exchange FTX, influenced by the broader trends in the crypto market and key figures like Sam Bankman-Fried. It chronicles the initial success, innovative strategies, and rapid growth of FTX, before diving into the chaos of its eventual bankruptcy amid mounting financial instability. The chapter highlights the legal and ethical questions that arose as the crypto industry faced a significant crisis, revealing the darker side of the financial practices within this evolving space.

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