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What Happened to FTX

13 NOVEMBER 2022
What Happened to FTX
FTX introduced a native currency token named FTT. Users can use FTT to pay transaction fees or other expenses. Mr. Bankman-Fried (FTX's founder) used tokens to pay part of the price for Zhao's FTX shares. A leaked document on November 2 stated that Mr. Bankman-Fried owned significant shares in a hedge fund known as Ala...