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Title: How the Crypto Market Is Reacting to FTX’s Collapse

Summary: The collapse of cryptocurrency exchange FTX has led to a significant sell-off in the market, with major tokens like Bitcoin and Ethereum dropping sharply. Investors are now scrutinizing other companies in the crypto space and examining their financial stability.

Cryptocurrency exchange FTX's sudden collapse has caused turmoil in the market, leading to a sharp sell-off of major tokens such as Bitcoin and Ethereum. FTX filed for bankruptcy on November 11 after a $725 million withdrawal request from rival exchange Binance sent its liquidity plunging. The company's native token, FTT, dropped by over 80%, while other cryptocurrencies also saw significant declines.

Investors are now carefully scrutinizing other companies in the crypto space and examining their financial stability, leading to a further decline in market sentiment.