The whole cryptocurrency marketplace has been in a great shock when the FTX collapse started to unreel before our own very eyes. What was once hailed as a hero is now considered to be a great villain as Sam Bankman Fried apparently used funds of FTX customers to do risky trading in Alameda together with Caroline Ellison - his ex-girlfriend. Now, the contagion is fast affecting many other platforms that got FTX exposure and we are watching closely if Genesis will be the next to fall in the domino of frauds and scams.
I am thinking that with the year 2022 going down to be the year of collapse of many different crypto-based platforms, this will surely be affecting the trust and confidence of the people towards the whole industry and will push down further the mainstream adoption of Bitcoin.
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