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The Daily Show: Ears Edition
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FTX Files for Bankruptcy
FTX filed for bankruptcy Friday, leaving investors scrambling and destabilizing the entire industry. The company's 30-year-old CEO Sam Bankman Fried resigned and his $16 billion fortune erased. Bloomberg has called his meteoric fall from grace one of history's greatest ever destructions of wealth. At its peak, the crypto exchange was worth $32 billion and benefited from superstar endorsements from Tom Brady, Giselle Bunchen, Naomi Osaka, and Steph Curry.
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