The crash of FTX left the market in disarray after it halted withdrawals and filed for bankruptcy. Apart from FTX, other firms also filed for bankruptcy due to the loss of funds in the exchange. During the filing, the crypto market learned that the firm didn’t have a proper structure to manage its operations. That’s why many top shots have declared the fall due to exchange’s management. Moreover, SBF utilized customers’ assets without their knowledge, pointing to mismanagement. But the issue gets interesting as SBF keeps trying to protect Alameda Research from the problems of FTX. Alameda even moved earlierGo to Source
Author: NixCoin