The bounceback of Bitcoin and its fellow digital assets was a major storyline in 2023, leading many to wonder: Is the crypto winter over?
Indeed, the trial of former FTX CEO and co-founder Sam Bankman-Fried, the head of the collapsed cryptocurrency exchange, drew plenty of attention to the digital asset space.
At one point, FTX had a value of more than $32 billion. However, by November 2022, FTX had collapsed, and a month later, Bankman-Fried was arrested in the Bahamas, charged with seven counts of wire fraud, securities fraud, and money laundering, and extradited to the U.S. to face his charges.
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