4min chapter

Money For the Rest of Us cover image

Is Cryptocurrency Dead? Will the FTX Fallout Kill Crypto?

Money For the Rest of Us

CHAPTER

FTX, BlockFi, and Voyager

FTX is bankrupt and Voyager has reopened the bidding process to find alternative bidders. BlockFi settled with US Securities and Exchange Commission in February 2022, agreed to pay $100 million in fines for making materially false and misleading statements. Bitcoin's price dropped below $16,000 on Monday. It's lost a quarter of its value since November 5.

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