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Crypto exchange FTX posts 1,000% revenue growth

Leaked documents are expected to shed light on FTX's financial health.

By Finst News
• 2 min read
Crypto exchange FTX posts 1,000% revenue growth

Leaked documents are expected to shed light on FTX's financial situation. The crypto exchange run by Sam Bankman-Fried has seen strong growth.

According to American news outlets CNBC, FTX earned $270 million in Q1 2022. CNBC relies on leaked documents from the crypto exchange. According to these, the exchange's revenue last year rose from $89 million to over $1 billion. That's a growth of more than 1,000 percent.

The crypto exchange was founded just three years ago by former Wall Street trader Sam Bankman-Fried.

In View post on X, the 30-year-old shared FTX's financials.

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