FTX meltdown indicates end of crypto's 'Wild West' days

[{"selector":"#anim-13905c84-6ffd-48a5-baf3-cd4c77721465 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.19732431882569%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] FTX was one of the world's largest cryptocurrency exchanges until it was shut down earlier this month.

[{"selector":"#anim-2425f74a-2775-42cb-8e96-5963a6bdd464 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(56.4134617085815%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Following the demise of Sam Bankman-Fried's crypto empire, the government has increased its scrutiny.

[{"selector":"#anim-d1dcb441-85a2-46ad-b5ed-997efa392b38 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.24062488616884%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Increased regulation threatens to end the free-wheeling, Wild West era of digital assets.

[{"selector":"#anim-f67afae1-af13-455d-869f-dbf6b2f56745 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] "The FTX crash has gained international attention," Gerard, David

[{"selector":"#anim-182aafaa-ac28-4930-b334-72f54a9488f4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.044625878718824%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Al Jazeera spoke with a strong critic of the crypto sector and the author of Attack of the 50 Foot Blockchain.

[{"selector":"#anim-b037510c-1c5e-4d6e-ad60-c7d7b718e42e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.510885454566925%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] "The regulators don't care if cryptocurrency self-destructs." They are concerned if it impacts anyone else."

[{"selector":"#anim-7e2cb6e3-8fda-4c5b-99e8-33bdd9fb1d94 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] BlockFi, a cryptocurrency lender, stated it has "substantial exposure" to FTX and warned of a probable bankruptcy case. Learn more