The collapse of FTX
Blog iconLiberalist
Nov 14
For the past few days, I have been reading twitters about the collapse of FTX and Alameda research. Customers lost billions of funds from this exchange. The worst thing is that SBF has embezzled customers’ funds and bet on his own benefit, this is bad. Now people lost trust to CEXs, and they don’t feel secure to put funds in centralized exchanges. This is just the beginning of the collapse, let’s see if other exchanges might fall following FTX. Meanwhile, the era of self-custody is coming, si...

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