Crypto Crash: $32 Billion Collapse of FTX | Explained in a minute ft @AyushmanPandita

FTX crash: Here’s how one of the world’s largest cryptocurrency exchanges lost $32 billion in just a few days. FTX is currently being investigated by US authorities and Sam Bankman-Fried (SBF) – its founder’s net worth is now $0.
FTX enabled customers to trade digital currencies for other digital currencies or traditional money, and vice versa.
The collapse came after its rival and competitor, Binance, pulled out of a deal to acquire the company due to a large number of alleged financial and management irregularities within FTX.

Here are few details of FTX collapse.

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