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How the FTX Meltdown Happened—explained by Castle Island's Matt Walsh

Bankless

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Unveiling the FTX Fallout

This chapter explores the ramifications of the FTX scandal, examining the individuals and systemic issues that contributed to its downfall within the crypto industry. It highlights conflicts of interest, regulatory failures, and the questionable practices surrounding Alameda Research and FTX, questioning the role of regulation in preventing future crises. The discussion draws parallels to traditional finance, emphasizing the urgent need for enhanced regulatory frameworks to ensure market integrity and protect investors.

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