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Al Jazeera
Al Jazeera
Business
Amy Castor

‘Betrayed’: FTX meltdown signals end to crypto’s ‘Wild West’ days

FTX went from being one of the largest cryptocurrency exchanges to bankruptcy in a matter of days [Dado Ruvic/Reuters]

Boston, United States – FTX was one of the largest cryptocurrency exchanges in the world – until, earlier this month, it fell apart in a matter of days.

In the wake of the collapse of Sam Bankman-Fried’s crypto empire, heightened governmental scrutiny and calls for greater regulation threaten to spell the end of the freewheeling, Wild West era for digital assets.

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