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5 Hottest Crypto Stories to Watch Out For This Week

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By Augustine Mbam - January 09, 2023 - 5 Mins Read

4. Which Firm is the Next "FTX?" 

One of the biggest crypto stories of 2022 was the FTX issue. FTX was the second-largest crypto exchange before its collapse, and it has generated a lot of controversy about regulation in the crypto industry. 

This single event ruined the 2022 crypto market. Coins dipped, investors lost money, and the federal government immediately launched investigations against crypto firms. After the FTX scandal, investigations were reportedly launched against Binance after a massive FUD was created against them. 

Apart from FUD, many crypto firms have shown signs of becoming dead. Solana almost blanked out after it suffered a massive FUD; fortunately, the Bonk token came to its rescue. 

Right now, the question ringing in the head of many is which crypto firm will be the next FTX?