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Evening Standard
Evening Standard
Business
Chris Blackhurst

Why must big City firms always fall for scams like FTX?

THERE must be some very awkward meetings taking place across the City and Wall Street right now. The sort of encounters where people bang tables and demand explanations, where they look at PowerPoints and Excels, and gasp.

This is the ongoing fallout from the collapse of FTX, the once fast-growing, seemingly all-conquering crypto exchange. If you thought the impact of the firm’s bankruptcy was only confined to the distant world of TechUSA, think again.

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