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Crypto Exchange FTX Freezes Under Strain of CPI Volatility

More than $110 million was liquidated across crypto exchanges in the hour following the U.S. inflation report.

Updated May 11, 2023, 4:18 p.m. Published Sep 13, 2022, 1:40 p.m.
Sam Bankman-Fried's FTX was unusable for some customers during the CPI print (Danny Nelson/CoinDesk)
Sam Bankman-Fried's FTX was unusable for some customers during the CPI print (Danny Nelson/CoinDesk)