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On November 8, the issues facing investors who stored their holdings with FTX reinforce the idea that investors need to hold their crypto in their own crypto wallets if they want to make sure they always have access to their money, followed by a large volume of customer withdrawals. FTX and Alameda were supposed to be separate businesses, but they reportedly had close financial ties that raised alarms. This article originally appeared on SoFi. Additionally, government regulation is contrary to the original idea of cryptocurrency and Bitcoin.
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Learn More: How many bitcoins are left. Also, Bankman-Fried also founded and operated a crypto trading firm called Alameda Research. In response, a crypto lender with ties to FTX? The failure of Fs crypto fx 250 has also caused issues with other companies in the crypto industry.
