FTX Exchange Nearly Collapses, Causing Crypto Market Turmoil

FTX is a cryptocurrency exchange that is facing trouble due to lack of liquidity.

This has caused many to question the business model of the company and the future of the crypto industry.

The past year has been tough for cryptocurrencies. First, there was the bear market that saw prices tumble for months. Then came the filings of bankruptcies of Voyager and Celsius.

Now, it seems that FTX is the latest casualty of this tough environment.

The company is facing problems with liquidity and has had to resort to selling to Binance to keep up with customer withdrawals.

This turn of events has led many to question the viability of FTX's business model and the future of cryptocurrencies in general. With more and more challenges popping up, it seems that the industry may be in for another tough year ahead.

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