With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already battered by 's price collapse and the recent failures of other key players.On Wednesday, after larger rival Binance walked away from a bailout deal to rescue FTX, Bitcoin touched a two-year low of $15,632, down about 77 percent from its all-time peak of $69,000 reached in November 2021.FTX founder Sam Bankman-Fried, once hailed as the 'poster boy' for crypto with a net worth of $15 billion, is now facing potential bankruptcy and reported federal probes into his company's handling of customer funds.
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