๐โจ **The Meteoric Rise and Sudden Fall of FTX** ๐
FTX, a leading cryptocurrency exchange, was the talk of the town, boasting innovative features and a rapidly growing user base. ๐ Its native token, FTT, soared in value, attracting investors from all corners of the globe. ๐
But in November 2022, the unthinkable happened. ๐ฑ FTX faced a liquidity crisis, revealing a staggering mismanagement of funds. ๐ฅ The exchange halted withdrawals, sending shockwaves through the crypto community. ๐ช๏ธ
FTT's value plummeted as panic set in, and investors scrambled to salvage their funds. ๐ From being a top exchange to facing bankruptcy, FTX's fall was a stark reminder of the risks and volatility in the crypto world. โ ๏ธ Billions were lost, and trust in centralized exchanges took a significant hit. ๐ฅ
