Cryptocurrency players in the US assess the fallout of FTX implosion

Bankman-Fried’s downfall hit crypto confidence even harder. Cryptocurrency investors big and small have already pulled out billions of dollars. The cryptocurrency market, which floundered when FTX declared bankruptcy in November, continues to contend with wild price swings and lower values. — Photo by Dmitry Demidko on Unsplash

John Marion hardly knew what cryptocurrency was a year ago.

Marion, a 61-year-old real estate investor and associate broker in Canton, first heard about the digital currency during an investment conference presentation last December. He invested US$3,000 (RM13,297) and waited, curious. But instead of making money, he lost more than half of what he put in, he said.