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FTX exchange collapses sending “seismic” shockwaves throughout the crypto industry

Cryptocurrencies continued to tumble on Wednesday as the FTX exchange implodes. Crypto billionaire Sam Bankman-Fried’s trading platform experienced what is commonly referred to as a “bank run” after the US Federal Trade Commission announced it had opened an investigation into whether FTX Trading illegally handled customer withdrawals earlier in the…

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