At first, Anand thought it was just a glitch. He’d read a few tweets saying that withdrawals from FTX—then the second-largest cryptocurrency exchange in the world—had been suspended. But these things had happened before in the crypto market, he said, “when they do server maintenance or something like that … so I didn’t take it very seriously.” The next morning, he woke up to find Twitter had gone wild. #FTX was trending. He tried logging in to the website, but couldn’t access his account to withdraw his funds.
Anand, who asked to use a pseudonym to speak about his private finances, lives in South India and works as a crypto
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