FTX’s Collapse Has Made A Dent In Consumer Confidence Of Bitcoin, Cryptocurrency

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Knewz

By Alex Lang New York (Knewz) — As executives from FTX face a bankruptcy judge, consumer predictions for cryptocurrency’s future price have hit their lowest mark in years. FTX is set to head to court on Nov. 22 for its bankruptcy case. The cryptocurrency platform’s stunning collapse has left some analysts to compare it to the largest frauds in history. Recently, the company said it owed the top 50 creditors roughly $3 billion. The collapse has left many consumers high-and-dry and even spurred a lawsuit against FTX and the celebrities who backed it. Congress is looking at creating regulations f…

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