FTX is in a death spiral.
FTX’s unexpected collapse left the cryptocurrency market and its investors reeling. Here’s a timeline of how this all happened.FTX’s sudden and catastrophic collapse sent reverberations throughout the entire cryptocurrency industry. What was once the third-largest cryptocurrency exchange is now in a death spiral that has billions of dollars left in limbo.
In its prime, FTX spent its money on a number of sponsorship deals.
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