Business News

the lesson for everyone in FTX's collapse

Written by Paul Mazzola, Lecturer Banking and Finance, Faculty of Business and Law, University of Wollongong

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Anthony* (a friend) called a few weeks ago, deeply worried.

A deputy principal of a high school in Queensland, over the past year he spent hundreds of thousands of dollars buying cryptocurrencies, borrowing money using his home as equity.

But now all his assets, valued at A$600,000, were stuck in an account he couldn’t access.

He&r...

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