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World

How bitcoin bounced back after FTX

21 February 2023

1:44 AM

21 February 2023

1:44 AM

One of the major exchanges has gone spectacularly bust. Billions of investor’s money has been lost. There have been allegations of widespread fraud, and one of the biggest corporate trials in modern history is set to dominate the business pages over the rest of the year. The collapse of the FTX, and the arrest of its high-profile founder Sam Bankman-Fried, was meant to finish off bitcoin and the rest of the cryptocurrencies.

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