Scam of the century? Cryptocurrency and the collapse of FTX • FRANCE 24 English

If the rise of cryptocurrencies seemed too good to be true, Bitcoin and its ilk have lost 74-percent of their value since reaching dizzying heights just one year ago. What was billed as the insurgent innovation that would decentralize and democratize global finance has instead proven an unregulated mess prey to money laundering and scams. Now comes a real reckoning with the collapse of a company that as recently as September was valued at 32 billion dollars: FTX.
 

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