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\In November , FTX's collapse lasted 10 days, starting on Nov. 2 and ending on Nov. It began with the CoinDesk article and the leaked balance sheet. The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, served as the impetus for its bankruptcy. The collapse of crypto exchange FTX wiped out millions of its customers' crypto holdings and turned its billionaire founder into a pariah.
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