Digital Assets
FTX and Alameda Research Collapse
For those unfamiliar with digital assets, FTX, the world’s second largest digital asset exchange/custodian filed Chapter 11 bankruptcy after seeing its value plummet from $32B just two weeks ago to $0 in a matter of 48 hours. Sam Bankman-Fried, commonly referred to as SBF, is now currently in custody in the Bahamas, where he resides and where FTX International is currently headquartered.
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