What Happened to FTX? Here's What to Know.
Briefly

When the cryptocurrency market experienced a $2 trillion crash in May, the crypto company FTX offered financial lifelines to several collapsing firms.But this week, FTX needed a bailout, which its rival Binance seemed on the cusp of delivering.Then Binance reversed itself, saying it was pulling out of a deal to acquire the company.
Read at www.nytimes.com
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