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Cryptocurrency Q&A What happened with FTX in simple terms?

What happened with FTX in simple terms?

BlockProducer BlockProducer Wed Sep 04 2024 | 5 answers 569
Could you please explain in simple terms what went wrong with FTX, the cryptocurrency exchange? I've heard about some issues but would like a concise overview of the key events and how they led to its downfall. What happened with FTX in simple terms?
ftx simple terms happened

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