Well, guys. A whole year has already passed. A year after the most brutal scandal in the cryptocurrency industry.
How it happened: on November 11, 2022, FTX and Sam Bankman-Fried's Alameda Research kicked off the deep «cryptowinter» by declaring bankruptcy.
One version of what happened was the following:
«FTX's top management may have used client funds to "rescue" the Alameda fund belonged to the same owner».
The collapse of FTX triggered a flywheel of cryptocurrency fluctuations around the world. For example, the largest stablecoin Tether (USDT) with a capitalization of over $68 billion was also affected on the wave of panic.
Do you remember how it was? Write it in the comments below this post.
Warmest regards,
The Uservice team.
Our website - https://usrv.io/