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Before its collapse, Sam Bankman-Fried's FTX Empire seemed unstoppable. But was it all a facade? This article delves into the inner workings of FTX, revealing Bankman-Fried's lavish spending on MSM and progressive media for favorable coverage. Learn how the $30 billion fraud unfolded and what really caused the collapse of this crypto giant.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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