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Stolen funds were used to buy expensive real estate properties and yachts and to finance traded cryptocurrencies and NFT collectibles in value. Take the Next Step to.
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The Rise and Fall of FTX Cryptocurrency ExchangeLeading cryptocurrency exchange FTX was once valued at $32 billion, but it collapsed in a matter of days in November Find out how it fell apart. FTX Trading Ltd., commonly known as FTX, is a bankrupt company that formerly operated a fraud-ridden cryptocurrency exchange and crypto hedge fund. The exchange was founded in by Sam Bankman-Fried and Gary Wang. Founded by Sam Bankman-Fried in , FTX used customer funds to finance political donations, buy real estate and invest in other companies.
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