Bitcoin falls 21 percent nearly, bankrupts FTX; then What about the future crypto-customers?

FTX is on the brink of bankruptcy and the FTX token is worthless.

The crypto bubble is believed to have finally burst after the collapse of the second largest cryptocurrency exchange FTX.

On Thursday, Sam Bankman-Fried apologized in a Twitter thread. He apologized to FTX’s investors and customers. It is an exchange platform that he founded in 2019.

Failure is not uncommon in the murky, largely unregulated world of crypto. But FTX is no ordinary crypto startup.