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Collapsed crypto exchange

Collapsed crypto exchange

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The cryptocurrency market is starting to bounce back a year after the collapse of crypto exchange FTX and other big players in crushed. The collapse of FTX, one of the world's largest cryptocurrency exchanges, has unleashed another bout of volatility in the highly speculative. The collapse of crypto exchange FTX wiped out millions of its customers' crypto holdings and turned its billionaire founder into a pariah.

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Jim Chanos predicted the collapse of FTX would lead to increased scrutiny and regulation of cryptocurrencies. Bankman-Fried will continue to stay in Brooklyn prison as he awaits sentencing on the seven guilty convictions from his first criminal trial in October and prepares for his second criminal trial scheduled for March , assuming he doesn't change his not guilty pleas on the remaining charges. Bankman-Fried was then extradited to the U.