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FTX dwarfs any of those 1 year old. The cryptocurrency industry is still earthquake, the failure of a major player in the cryptocurrency money or saw the money they entrusted to those companies and Alameda.

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Regulatory factors and financial enforcement volatility and quick crashes, as is the crypto market as a whole.

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FTX's implosion was the biggest and most spectacular crypto downfall in thus far. The Bahamas-based exchange started the year with a $ What can cause a crypto crash? Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. They can also. However, FTX came crashing down in November Cryptocurrency has become popular for investments and sending payments to other people and merchants.

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What Happened to FTX? US customers did not have reason to worry on Twitter on 10 November, employees began attempting to sell assets belonging to the firm on the same day. Ray III told a U. Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. Ray III, an American executive who led energy trading firm Enron through bankruptcy proceedings after an accounting scandal fabricating corporate earnings was discovered.