Financial Crisis

2022 has been a tough year for the crypto industry. After the collapse of Terra and the subsequent bankruptcy of a number of large companies, the community was shaken by the collapse of the business empire of Sam Bankman-Fried. Almost immediately, some industry and government officials drew parallels between FTX and the 2008 crisis. In this article, we will have a look at what preceded the collapse of Wall Street, how events unfolded in 2008 and 2022, and compare the…