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The spectacular collapse of a $30 billion crypto exchange should come as no surprise

By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.

All that has changed in the…

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