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CGj looks at the lessons to be learned from the collapse of the FTX and JPEX cryptocurrency exchanges � what went wrong and how can Hong Kong. The cryptocurrency crash (also known as the Bitcoin crash and the Great crypto crash) was the sell-off of most cryptocurrencies starting in January Exchange investigates flash crash that sent bitcoin to $8, The price of Bitcoin against Tether's USDT stablecoin fell to as low as $8, on BitMEX late.

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On the same day, a class-action lawsuit was filed against SafeMoon alleging it to also be a pump and dump scheme with professional boxer Jake Paul , musician Nick Carter , rappers Soulja Boy and Lil Yachty , and social media personality Ben Phillips also being named in the lawsuit for promoting the SafeMoon cryptocurrency with misleading information on their social media accounts. That message was highly successful and JPEX grew rapidly, but its fall, like that of its larger and more infamous precursor FTX, was as swift as its ascent. Retrieved 11 November Register Now. Proof of authority Proof of space Proof of stake Proof of work.