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Can digital currency replace the cash system?
The Inquiry
The Fundamental Business Model of FTX
Bankruptcy filings at the end of November suggested that FTX left it owing several billion dollars to more than one million customers. The customer's money had been used to prop up this trading firm, he says. And they have very little recourse to get their money back. "It was operating within tokens and crypto assets that were dependent on people continuing to believe"
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