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It has been a muddy road in the crypto world after the shock of FTX which had a $152 Billion loss from 15 of the world’s biggest crypto currencies lost in market value which was partly due to the bankruptcy filed by FTX last week forcing the former CEO San Bankman Fried to resign.
He later took to Twitter after the resignation to apologise to those who had thier money in the crypto company and now may never get a piece of thier investment anymore. The former CEO had further agreed to meet the regulators in the U.S to explain what went wrong.
BlockFi, a company which FTX held a stake in has halted the ability to withdraw funds and also immediately filed for bankruptcy.
