FTX: Cryptocurrency Market on the Brink of Stock Exchange Collapse
On Tuesday, FTX signed a bailout deal with bigger rival Binance after a surge in withdrawals triggered a “significant liquidity crunch.” Concerns about FTX’s financial health reportedly caused him to withdraw $6 billion (£5.2 billion) in just three days. Binance has said it has agreed to purchase FTX’s non-U.S. entity pending due diligence. FTX founder …
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