Is cryptocurrency about to die?

A devastating blow has been given to the reputation and goals of cryptocurrency as a result of the collapse of FTX.

The descent from grace was a brutal and rapid process.

A mere two weeks ago, Sam Bankman-Fried was in the uppermost reaches of the atmosphere. 

While his personal wealth was believed to be $16 billion, the value of his cryptocurrency exchange, FTX, which was the third-largest at the time, was $32 billion.

 He was the financial genius who could impress investors while playing video games, 

he was destined to become the first trillionaire in the world, according to the gushing venture capitalists (VCS) of Silicon Valley.

He communicated with lawmakers and provided financial support for efforts to influence the regulation of cryptocurrency in Washington, where he was the accepted face of cryptocurrency.

With each new piece of information that emerges on the demise of FTX, the story becomes truly alarming. 

The phrases of cryptocurrency that are employed by the exchange

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