FTX Collapse: Billionaire Mark Cuban Gives Crypto a Dream Boost

The sharp and rapid collapse of the FTX cryptocurrency exchange sent shockwaves through the cryptocurrency space.

The collapse of the $32 billion company in February in a matter of days cast doubt on the entire fledgling blockchain-based financial services industry.

Confidence in the industry is at an all-time low. While retail investors fled, institutional investors affiliated with FTX and its sister company Alameda Research are still figuring their losses as they were exposed to the Sam Bankman-Fried empire.

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