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The FTX Collapse, Explained - WSJ What Went WrongFTX was forced into bankruptcy after users learned some of their funds were misused and rushed to pull crypto from the exchange's digital vault. Blockchain currencies didn't just survive the collapse of FTX, they've been the investment of the year. Turns out, decentralized finance. Bitcoin (BTC), the largest cryptocurrency by market value, bottomed out in the same month. It has since rallied 70% to $34, However, scars.
