Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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That escalated quickly.
The situation is still developing, and we’ll have more information as things become clearer, but here’s how it stands. Yesterday morning FTX founder Sam Bankman-Fried tweeted, “FTX is fine.”
Today it’s being acquired by Binance to help resolve a liquidity crunch after investors had trouble making withdrawals.
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