The dramatic collapse of cryptocurrency and in particular a company tied to a major crypto exchange is having a widespread impact on investors.
SAN FRANCISCO -- The dramatic collapse of cryptocurrency market and in particular a company tied to a major crypto exchange is having a widespread impact on investors.
"I'm definitely grieving that loss because I did the thing that you're not supposed to do. I did invest my savings," said Kimberly.But cryptocurrency experts said the collapse of FTX, the second biggest crypto exchange, will further push bitcoin and ether prices down, hurting investors and the industry as a whole.
"Too much money will create greed and no oversight will make people make bad decisions," said Professor Banafa. Luthra is one of the thousands of investors who used FTX and tried to withdraw money from the platform this week. But they could not get their money back.
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