Cryptocurrency FTX is Facing Collapse
Bankman-Fried Scandal The cryptocurrency FTX is facing collapse following a scandal involving its CEO, Sam Bankman-Fried. The crypto billionaire was scrutinized after FTX suddenly bottomed out in November of 2022. According to reports, a whistleblower contacted the U.S. Securities and Exchange Commission (SEC) to report fraud. Background This shocked many in the cryptocurrency community, as Bankman-Fried had previously been seen as a respected and reputable figure. He was arrested on December 12th, 2022, by Bahamian authorities, as requested by the […]
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