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Crypto giant FTX has filed for bankruptcy

submitted by Conspirologist to Universal 2.6 yearsNov 12, 2022 04:28:56 ago (+4/-1)     (www.cnbc.com)

https://www.cnbc.com/2022/11/11/sam-bankman-frieds-cryptocurrency-exchange-ftx-files-for-bankruptcy.html



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[ - ] chrimony 0 points 2.6 yearsNov 12, 2022 15:54:32 ago (+0/-0)

A perfect example of why BitCoin failed in its original mission. It was designed to be a decentralized, peer-to-peer exchange and a replacement for fed money. Instead huge amounts of BitCoin are tied to fed money in centralized exchanges.

[ - ] i_scream_trucks 0 points 2.6 yearsNov 12, 2022 05:21:31 ago (+0/-0)

FTX and FTX US are also currently getting their accounts drained