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letamp;#39;s dive in the collapse of FTX in 2022 sent shock waves through the crypto World once one of the largest cryptocurrency exchanges FTX crumbled almost overnight an interesting aspect founder Sam bankman fried was hailed as a crypto wonderkind but it was revealed that FTX had major Financial mismanagement with billions in customer funds unaccounted for the companyamp;#39;s downfall sparked Panic leading to massive market crash and increased scrutiny on crypto regulations ftxs story is a stark reminder of the volatility and risks in the crypto industry for more captivating stories subscribe to Fortune Focus