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in 2022 one company was the Catalyst of 183 billion dollar market crash hereamp;#39;s how Sam bankman freed was a young billionaire running one of the largest crypto exchanges in the world FTX if you wanted to trade crypto on FTX with lower exchange fees youamp;#39;d buy their exchange ftt exchange s are weird combo of stock and video game money but with far more Danger on November 2nd 2022 coindesk released a report that found the crypto trading firm bankman freed bounded Alameda research had most of their Holdings in the ftt was bankman artificially propping up the value of his companyamp;#39;s suspicions arose that FTX may not have enough money reserved to cash out peopleamp;#39;s s institutional investors in FTX start cashing out their ftt and eventually there was a full run on the exchange without sufficient cash reserves FTX imploded over a billion dollars in customer funds were lost and the crypto Market crashed to two-year lows SPF is waiting for his day in court
