The crypto meltdown, explained | CNN Business

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It's been a month that cryptocurrency investors will never forget. And the worst may be yet to come. How did we get here? And can crypto survive? The saga is far from over, but if you’re just tuning in, here’s what you need to know.

Over the past two weeks, the digital asset industry has watched in horror as FTX, the multi-billion-dollar crypto exchange created by one of its biggest and brightest stars, Sam Bankman-Fried, imploded. The failure of FTX, shook the foundations of the entire ecosystem. Token prices tumbled across the board as investors rushed to exit risky positions. Contagion followed.

Similarly, the Ontario Teachers’ Pension Plan, which invested $95 million, said it now believes that investment is worthless. Roughly 1 million others may have lost all the money they put into FTX. Binance, meanwhile, is stepping in as a potential lifeline for companies hit by FTX’s collapse. Its CEO, Changpeng Zhao, said Monday that his team would establish “an industry recovery fund,” for projects facing a liquidity crisis.

 

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How dare you cover this story!! SBF and FTX were major Democratic donors. The fact they may have been laundering US $ from Ukraine back into the Democratic campaign should, at the very least, give you reason not to put this in the public forum.

It was just a money laundering scam to get money from the US tax payers sent to Ukraine, which was then 'invested' in crypto, then donated to Democrats for the 2022 election. This statement screams 'conspiracy theory', however, it is 100% verified as accurate.

S.m.f donated 40 millon to democrat campaigns the media is silent shocking

Why haven't democrats refunding the stolen money thet received?

HosseinRonaghi suffer from problems such as inability to walk, inability to speak, downward trend and very low heartbeat, low blood pressure, kidney failure, severe anemia, impaired vision, bloody vomiting and.... During this time, he lost 27 kilos in 2 month. Please help us. 3

doctors examined him again and they all believe that if he will not be treated in hospital ,he will definitely die in the next 4-5 days but the regime still refuse to transfer Hossein to the hospital. islamic republic are trying to kill him. 2 HosseinRonaghi

HosseinRonaghi, a prominent Iranian character,He was arrested about 2 months ago, after 4 days his brother announced that he has been informed that both of Ronaghi's legs and one of his fingers has been broken under torture and he has started his hunger strike. 1

here's what you need to know:

No mention of the fraud SBF committed (stealing user deposits) or “hacks” perpetuated by SBF himself. Just painting him as a smart kid in over his head when this is the biggest financial crime in history. People will remember.

They are all doing it

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