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over 150 billion dollars were lost in just three days so how did this happen this was because of the bankruptcy of the crypto platform FTX which is responsible for their ftt the ftt represented ftxamp;#39;s collateral this means that all of their loans in debt were tied towards the value of the ftt on November 6th ftt lost over 80 percent of its value in just 72 hours this was when binance said it would unload hundreds of million dollars of the a few days later ftxamp;#39;s finances were in total crisis Finance then said it would buy the company but that backed out turned out that FTX was tapping into customer accounts in order to fund their risky bets now FTX is under investigation by the SEC