The demise of FTX – Liquidity crisis and Failure to cover customers withdrawals

Summary FTX, one of the largest cryptocurrency exchanges and a big rival to Binance has filed for Bankruptcy on Nov.11 after FTT, native token of FTX was sold entirely by Binance.   Investors requested to withdraw from the FTX platform, an amount that total about $6 billion in the following days that caused FTX into […]