FTX collapsed a few 12 months in the past, after a CoinDesk article unearthed that Alameda held a large quantity of FTX’s trade token, FTT, a revelation which, mixed with tweets from Binance CEO Changpeng Zhao, sparked what Bankman-Fried described as a “run on FTX” – finally resulting in FTX, Alameda and the businesses’ numerous subsidiaries to file for chapter.
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