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The FTX scandal has made global headlines, being the biggest crypto crash to date. Alongside losing billions of investors’ money through risky investments, the scandal has caused further decline throughout the crypto market, with currencies such as ETH and BTC hitting new annual lows. While the general market remains in decline, Orbeon Protocol (ORBN) continues to rise in value, logging a 655% price increase over recent weeks.
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What is The FTX Scandal?
FTX was one of the world’s largest cryptocurrency exchanges, where investors would buy and hold cryptocurrency. Once regarded as a ‘safe’ place to invest, the cryptocurrency exchange has since filed for Chapter 11 bankruptcy.
On the same day it filed for bankruptcy, the founders claimed the platform was hacked, with hackers stealing over $600 million from user wallets. The company’s balance sheet has since been published by the Financial Times and shows a ratio of 10:1
We współpracy z: https://en.cryptonomist.ch/2022/12/09/orbeon-protocol-rises-amidst-collapsing-tokens/
