FTX Bankruptcy Crashes Crypto Markets
The bankruptcy of the cryptocurrency exchange FTX crashed crypto markets with Bitcoin falling from its psychologically important $20,000 level to $16,000 within only two days.
The bankruptcy of the cryptocurrency exchange FTX crashed crypto markets with Bitcoin falling from its psychologically important $20,000 level to $16,000 within only two days.
Musk, after successfully taking over Twitter for $44 billion is now cutting the 7,500 staff workforce as part of his restructuring.
What just happened? Elon Musk and his companies are doubtlessly used to being hit with lawsuits, but this one is probably the largest and perhaps most unusual they’ve had to deal with. Musk, Tesla, and SpaceX are all being sued for $258 billion—not millions—over claims they ran a pyramid scheme to support Dogecoin, a cryptocurrency Musk has often praised on Twitter.