Lesson #542

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Collapse of FTX: what happened and what comes next

Cryptocurrencies are highly volatile assets.

January 30, 2023:

FTX was a cryptocurrency futures exchange. However, the firm suddenly collapsed into bankruptcy in late 2022, leaving millions of customers without their deposits. The 30-year-old founder is charged with fraud and could face over 100 years in jail. Plus, learn English phrasal verb "pay up."

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Pay up

To 'pay up' is to pay a debt in full (even if you don't want to)

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Lesson #542

Collapse of FTX: what happened and what comes next

Pay up

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