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Sam Bankman-Fried & FTX: Fraud on top of sh*t mountain

Corporate Gossip

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The Downfall of FTX and the Emergence of a Crypto Winter

This chapter discusses the financial problems that FTX, a cryptocurrency exchange, faced. It mentions the decrease in value of cryptocurrencies, the collapse of several crypto firms, and the alleged criminal activity involving Sam and Alameda. The chapter also highlights FTX's predicament and the exposure of their situation when it was made public.

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