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Fortune

Taylor Locke

How FTX's own token was the final nail in its coffin

FTX FTT Fortune Matt Hougan Sam Bankman-Fried Alameda Binance Crypto Alameda Research BNB

(Credit: Photo Illustration by Fortune; Logo Courtesy of FTX)

At the center of the FTX collapse is none other than its own token: FTT.

Like many other centralized cryptocurrency exchanges, FTX issued FTT after launching in 2019.

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