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FTX went from a crypto exchange leader with a $32 billion valuation to bankruptcy in a matter of days, with potential criminal investigations and class-action lawsuits pending. What happened? FTX is a crypto exchange that was started by Sam Bankman-Fried (SBF). Prior to FTX, he started a hedge fund Alameda Research, which the main purpose was to "act as a liquidity provider on FTX" according to Sam himself. In early November this year, a CoinDesk report showed that Ala...