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Retrieved on: 2025-02-26 20:50:55
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Summary
FTX's bankruptcy costs nearly $1 billion, ranking as one of the priciest Chapter 11 cases. Hedge funds benefited from the collapse, receiving substantial returns. This mirrors other high-profile corporate upheavals, such as Lehman Brothers and Enron, highlighting persistent issues in corporate governance and financial management within the crypto industry.
Article found on: www.bnnbloomberg.ca
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