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FTX exchange collapse shakes crypto markets

Photo: Getty Images

The last week witnessed significant turbulence in crypto markets as major exchange FTX filed for bankruptcy.

This week’s extraordinary events in the crypto market are already being described as ‘crypto’s Lehman moment’, and the fallout has prompted further debate on the role of regulation in the sector.

According to a report by Reuters, staff at FTX received a letter from CEO Sam Bankman-Fried on Tuesday morning