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FTX announced the creation of a stable coin on November 2nd, 2022. On November 9th, FTX's balance sheet was leaked to Coindesk, a DCG controlled media arm. CZ dumped FTT, leading to FTX's downfall due to insolvency. This serves as evidence of FTX's demise, tied to stable coins and the banks' plan to control crypto and privacy, restricting spending and entering dangerous territory.
