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We've Seen the FTX Collapse Before

There are overwhelming similarities between the FTX and MF Global bankruptcies — and one big difference.

By James Koutoulas

Updated Jun 14, 2024, 5:20 p.m. Published Nov 10, 2023, 10:09 p.m.

Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)