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The crypto market bears the scars of FTX’s collapse

The founder of the collapsed FTX crypto exchange, Samuel Bankman-Fried, is standing trial in New York on fraud and conspiracy charges. FTX’s collapse in 2022 was one in a series of industry implosions that significantly impacted the global cryptocurrency market, causing a substantial loss of value in Bitcoin and other major tokens. The market, shaken by these collapses, is now exhibiting reduced crypto prices, decreased trading volumes, and fewer venture capital investments.

Source: packetstormsecurity.com –

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