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the collapse of FTX has shocked the world it was once valued at 32 billion US dollars with high profile investors committing Millions elevator research a trading house owned by SBF allegedly kept customer deposits on FTX for trades this left an 8 billion dollar hole on ftxamp;#39;s balance sheet temasek wrote off its 275 million dollar investment a recurring issue has been poor corporate governance blockchain also doesnamp;#39;t solve the problem of capital adequacy and solvency and it offers no protection to retail investors