โก The collapse of FTXโฆ from a $32 billion empire to a global shock ๐ฑ๐$TRUTH
The FTX platform was considered a model of successโฆ
until it was discovered that its founder "Sam Bankman-Fried" was using customer funds for risky investments through his other company.๐ฅ$SAPIEN
In just a few days:
๐ฅ The platform collapsed
๐ฅ Over $8 billion vanished
๐ฅ The largest bankruptcy in crypto history was declared
๐ฅ And Sam was later arrested on fraud charges
The FTX incident became an example of the dangers of blind trust in centralized platforms.โ ๐ฏ
