FTX Collapse: Billionaire Mark Cuban Gives Crypto a Dream Boost

The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space.

The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspicion on the entire young industry of financial services, based on the Blockchain technology.

Confidence in the industry is at an all-time low. Retail investors have fled, while institutional investors, linked to FTX and its sister company Alameda Research, are still determining their losses from their exposure to Sam Bankman-Fried’s empire.

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