What occurred at FTX that led the exchange to collapse?

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Words: 208
Pages: 1
Subject: Do My assignment
Topics: business, crypto

To change it up this week we are going to take a break from the textbook materials and instead focus on the FTX trial that is currently underway. By using the links below, please answer the following questions in a 250-word response. Your response can then be uploaded onto Blackboard under “Assignments.” What was the business model of FTX? What occurred at FTX that led the exchange to collapse? Who are the major players and individuals involved in the ongoing trial? What are the charges against Samuel Bankman-Fried? Do you feel that the collapse of FTX is connected to crypto or simply poor accounting controls? https://www.investopedia.com/what-went-wrong-with-ftx-6828447 https://www.techtarget.com/whatis/feature/FTX-scam-explained-Everything-you-need-to-know https://www.sec.gov/news/press-release/2022-219 https://www.reuters.com/legal/sam-bankman-frieds-trial-test-dueling-explanations-collapse-crypto-exchange-2023-09-26/

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