2min chapter

TED Tech cover image

Demystifying the wild world of crypto | Laura Shin

TED Tech

CHAPTER

FTX Filed for Bankruptcy

The FTX exchange has filed for bankruptcy. The company had taken customer funds and lent them to Alameda, the trading firm. It looks like they're about $10 billion in the hole. Binance was going to be acquiring FTX but didn't want to buy this sinking ship.

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