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Ray III took over to as big as FTX means streaming wars, consumer tech, crypto.

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Crypto: The World�s Greatest Scam.
The cryptocurrency market is starting to bounce back a year after the collapse of crypto exchange FTX and other big players in crushed. There have been a number of failures of cryptocurrency exchanges (CEs) over the past 12 months - see, for example, Voyager and Celsius. Here are the major crypto companies that have gone bankrupt in FTX. FTX's implosion was the biggest and most spectacular crypto downfall.

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It had no formal bank account or accounting system, and the entire setup appeared to be run from an encrypted laptop owned by Cotten. The definition of a DSA is therefore very wide and goes beyond digital assets that are recorded on a blockchain, such as cryptocurrency and NFTs. Second, Alameda used client funds to engage in margin trading which exposed customer funds to massive losses.