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FTX to lost $1 billion of its client funds after FTX founder, Sam Bankman-Fried, secretly transferred customer funds from FTX to his trading company Alameda Research
FTX Chief Executive Officer Sam Bankman-Fried told employees he was exploring all options for his firm after a deal with cryptocurrency exchange Binance collapsed on Wednesday.
All eyes are turning to the latest US inflation figures, but all tongues are wagging about the crash in crypto.