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Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers

Troubled crypto exchange FTX halted withdrawals on Tuesday, leading panicked customers to offload their bags among themselves at steep discounts.

Former FTX CEO Sam Bankman-Fried (Danny Nelson/CoinDesk)
Former FTX CEO Sam Bankman-Fried (Danny Nelson/CoinDesk)