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What happened at FTX | Learn English phrasal verb 'pay up'

Plain English

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FTX International - The Failed Cryptocurrency Exchange

FTX International was a failed cryptocurrency futures exchange. Customers bet on the value of assets without having to own the assets. If you win a bet on a futures exchange, the exchange needs to pay you what you won. But the exchange can only pay the winner if they take money from the loser.

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