The
large cryptocurrency exchange FTX went out of business
on November 11. Many have likened this phenomenon to
the collapse of the investment banking firm Lehman Brothers
during the financial crisis of 2008, believing the FTX
collapse to be as important an event in the cryptocurrency
world as the collapse of Lehman Brothers in the official
financial system.
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This article was originally published in People's
Democracy on November 27, 2022.
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