That’s A Lot Of Damage
  • last year
According to a new bankruptcy filing, cryptocurrency exchange FTX may have more than 1 million creditors. FTX filed for bankruptcy Friday as concerns over its financial health led to a surge in withdrawals and a plunge in the value of its native FTT token. Alameda Research, a trading firm founded by Sam Bankman-Fried, was trading billions of dollars from FTX accounts and leveraging the exchange’s native token as collateral.
Recommended