sbf 8b | BTCC Knowledge

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In 99 seconds, WSJ explains the collapse of FTX, a major cryptocurrency exchange. FTX, founded by Sam Bankman-Fried (nicknamed SBF), faced severe financial issues due to improper management and risky investments. The collapse triggered widespread panic in the crypto market, leading to billions in losses. 'Navigationsaufgabe 8 – Sportbootführerschein See SBF-See' refers to a navigational task related to boating, unrelated to the FTX collapse but possibly a coincidental mention.

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