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ftx
FTX was a cryptocurrency exchange and trading platform that allowed users to buy, sell, and trade digital assets such as Bitcoin and Ethereum. It was founded in 2019 by Sam Bankman-Fried and Gary Wang and became one of the largest crypto exchanges before filing for bankruptcy in 2022 following allegations of fraud and financial mismanagement.
Bitcoin plunges toward $60,000 in sell-off reminiscent of FTX collapse
The cryptocurrency market suffered its sharpest downturn since the FTX collapse, with Bitcoin breaking below the $60,000 level overnight and posting a daily decline of more than 10%. The move marked the steepest one-day...
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