Published 1 year ago

The Fall of FTX and Renewed Mistrust Signal Disaster for Cryptocurrencies

Summary by Ground News

FTX, the Bahamas-based cryptocurrency exchange founded just before the pandemic paralyzed America and much of the world, landed in bankruptcy this month. Treasury Secretary Janet Yellen said the fall of FTX should warn Americans about investing their money in extremely risky financial products. Yet, the crypto space has lured heavyweights in entertainment like Snoop Dogg, Jay-Z, Russell Simmons, and Ja Rule.

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The Sacramento Observer

The Fall of FTX and Renewed Mistrust Signal Disaster for Cryptocurrencies

By Stacy M. Brown | NNPA Newswire (NNPA) – The fall of Cryptocurrencies, the recent wave of the investment craze that includes NFTs and trading cards, has not only ruined bank accounts for some but now has the federal government investigating its dramatic downfall.FTX, the Bahamas-based cryptocurrency exchange founded just before the pandemic paralyzed America and much of the world, landed in bankruptcy this month, leaving federal authorities p…

1 year ago

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The Fall of FTX and Renewed Mistrust Signal Disaster for Cryptocurrencies

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The Fall of FTX and Renewed Mistrust Signal Disaster for Cryptocurrencies

The Fall of FTX and Renewed Mistrust Signal Disaster for Cryptocurrencies

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