The crypto sector has a history of unexpected twists and turns. Recently, the collapse of the once-prominent cryptocurrency exchange FTX, and its native token, FTT, sent shockwaves through the crypto community. This event has led many investors to reconsider their investment strategies, shifting their focus towards projects with more tangible utility, such as DigiToads (TOADS).
What Happened To FTX?
FTX, a leading cryptocurrency exchange, experienced a swift and devastating downfall in late 2022, leaving a lasting impact on the global crypto community. The collapse was triggered by a report from CoinDesk, which highlighted potential leverage and solvency issues involving FTX-affiliated trading firm Alameda Research. This revelation led to a liquidity crisis for FTX, causing the crypto market to lose billions and fall below a $1 trillion valuation.

Attempts to secure bailout funds from rival exchange Binance were unsuccessful, and by November 11, 2022, FTX’s CEO had stepped down, and

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