FTX Has Collapsed, Over $1 Billion in Customer Funds Lost

In this video I discuss how FTX collapsed due to having no liquidity, the activity involving FTX and Sam Bankman-Frieds (SBF) other company Alameda Research and how the FTT tokens value plummeted after CEO of Binance CZ announced they would be selling all their FTT tokens. I also cover the $600 million dollar “hack” that has seen other funds taken from FTX and being slowly liquidated into Ethereum.
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