2 min. read Cryptocurrency exchange platform FTX experienced a liquidity crisis that led to the company’s bankruptcy and erased the fortune of Sam Bankman-Fried, its young billionaire founder. FTX, which is headquartered in the Bahamas, was launched in 2019 and had accrued more than one million users by 2022. Users suddenly demanded $6 billion in withdrawals after an […]
Source: 30-Year-Old Billionaire Loses Entire Fortune Overnight as His Cryptocurrency Empire Implodes