Takeaways from the FTX’s fiasco
Based on his own words, FTX’s CEO and founder, Sam Bankman-Fried, hoped that FTX would acquire Goldman Sachs and CME once it had beaten the competition from Binance and Coinbase. In mid-2022, FTX was ranked as the second-largest and fastest-growing crypto exchange. Three months later it was like a house of cards, having collapsed and been left with what…
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