What do you think about the FTX crypto exchange collapse?
The ex-management of FTX was accused of concealing the illegal use of client funds.
Just like the others, I think of it as one of the major (negative) event in the history of crypto and it affected the price pretty badly. Using the customer's funds without their permission is a shady act but if not only because of this, the exchange won't suffer hard.
What can we do? It is already over but the people who got damaged are only seeking justice. Sbf and those who help him must pay big for this but before it, we have the Russia and Ukraine war of course but this doesn't directly impacted cryptos.
There are even positive events that happen like Ukraine and Russia have adopted crypto. That should have improved the price if not because of the other negative news including the collapse of FTX.