FTX collapsed nearly a year ago, after CoinDesk’s Ian Allison reported that Alameda held a massive amount of FTX’s exchange token, FTT, a revelation which, combined with tweets from Binance CEO Changpeng Zhao, sparked what Bankman-Fried described as a “run on FTX” – ultimately leading to FTX, Alameda and the companies’ various subsidiaries filing for bankruptcy.

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Author: Nikhilesh De, Sam Kessler

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