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Market Cap:
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Cryptocurrencies: 6897
Bitcoin Bitcoin Share: 49.84%
Markets: 68427
CoinGape
2024-02-02 02:20:38

DOJ Revealed How Crypto Exchange FTX Plunged into Bankruptcy, Raising Bigger Concerns

DOJ Revealed How Crypto Exchange FTX Plunged into Bankruptcy, Raising Bigger Concerns

Three individuals face charges for orchestrating a massive SIM-swapping scam from FTX, Bloomberg reported on Thursday. This siphoned more than $400 million from the cryptocurrency exchange in the run-up to the FTX bankruptcy. Shortly after FTX’s bankruptcy filing in November 2022 and Sam Bankman-Fried’s resignation, hackers reportedly drained funds from the platform. Only to be funneled The post DOJ Revealed How Crypto Exchange FTX Plunged into Bankruptcy, Raising Bigger Concerns appeared first on CoinGape .

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