FTX Crash: Billionaire Mark Cuban Gives Crypto a Dream Boost

The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space.

The fall of a company valued at 32,000 million dollars in February, which occurred in just a few days, ended up casting suspicion on the entire young financial services industry, based on Blockchain technology.

Confidence in the industry is at an all time low. Retail investors have fled, while institutional investors, linked to FTX and its sister company Alameda Research, continue to pin their losses on their exposure to Sam Bankman-Fried’s empire.

Leave a Comment