3min chapter

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Stories to watch in 2023 | Learn English phrase 'intent on'

Plain English

CHAPTER

The First Month of 2023 Could Be Very Hard for Cryptocurrencies

The first few months of 2023, the coldest months when people are indoors, could be very hard indeed on the Chinese people. A cryptocurrency exchange, FTX, collapsed in late 2022, wiping out billions of dollars of customer deposits. The founder is now facing over 100 years in prison if convicted of all he's charged with. And this was one of the safe crypto firms. In 2023, we'll begin to learn just how bad the damage is.

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