bearish
Sporting Crypto - Nov 14th: Leading Sports Crypto Sponsor FTX File for Bankruptcy
SUMMARY
- FTX blowing up has been seen by many as the most shocking thing to happen in crypto.
- I’ve spoken to people who have been in the space for longer than me (5 years) and there’s consensus that this really is the craziest thing that has happened - in an industry that is already labelled as the ‘digital wild west’.
- But how did FTX, a crypto exchange making 8 figures in trading fees *per day* and a modestly sized team blow up?
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