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Summary of FTX collapse: In early November 2022, FTX, a crypto exchange, collapsed following a report by CoinDesk that raised concerns about potential leverage and solvency issues involving Alameda Research, a trading firm affiliated with FTX. This collapse sent shockwaves through the volatile crypto market, leading to billions of dollars in losses and a valuation drop below $1 trillion. Facing a liquidity crisis, FTX desperately sought bailout funds, with rival exchange Binance initially considering purchasing parts of the company but ultimately backing out. On November 11, 2022, FTX's CEO stepped down and the company filed for bankruptcy. In a further blow, FTX experienced a possible hack shortly after, resulting in the theft of hundreds of millions worth of tokens. Adding to the turmoil, FTX's founder and ex-CEO, Sam Bankman-Fried, was arrested in The Bahamas and extradited to the United States in late December. On January 3, 2023, he pleaded innocent to all criminal charges. But the GOOD news is that if you were subject to losing your funds that you had stored on the exchange and you haven't been able to recover funds - you can do so in the claims market. That's where cherokee acquisition comes in! Website: https://claims-market.com/ LinkedIn: / cherokee-acquisition Twitter: / claims_market YouTube: / @claimsmarket1057