-
The FTX collapsed.
FTX, the cryptocurrency exchange that has gone bankrupt, was founded in 2010 by a former trader named David. After David left FTX in 2016, he found a “safe and easy” way to get into crypto, according to an advertisement he saw in a newspaper. This week, FTX was on the brink of collapse after Chinese…
-
FTX’s implosION was predicted by Larry David.
Cryptocurrency exchange FTX, founded by 30-year-old Sam Bankman-Fried, filed for bankruptcy in the US on Friday, marking the downfall of one of the biggest and most powerful players in the crypto industry. The company said FTX was essentially beyond saving and that was the reason it backtracked on its earlier promise to explore a rescue.…