Earlier this week, customers rushed to withdraw their funds as rumours swirled that FTX and other firms headed by Mr Bankman-Fried were on shaky financial ground. Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users with goal of beginning an orderly process to review and monetize assets for the benefit of all global stakeholders. Is cryptocurrency a scam ?

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