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