Crypto was so much fun when it was going up. Now, for some investors, the FTX debacle is the last straw.
The collapse of FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on what went wrong and how complicated things could get. Photo: Lam Yik/Bloomberg NewsBuying crypto was so much fun when it was going up. Now, many onetime fans are getting out.
This year has brought crisis after crisis, raising questions about the industry’s long-term prospects. Two major lenders, Voyager Digital and Celsius Network, filed for bankruptcy this summer. The price of bitcoin has plunged some 75% from its peak late last year. For some traders, the recent collapse of the crypto exchange FTX—which
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