Crypto collapse: it’s looking like a long, cold, contagious winter

A coin is set aflame to reveal a digital wireframe underneath.
Illustration by Alex Castro / The Verge

FTX is just the latest company facing an uncertain future as cryptocurrency values drop, revealing flaws in risky financial strategies that fueled the recent crypto and NFT boom.

Crypto collapse: it’s looking like a long, cold, contagious winter

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