Crypto Bankruptcy Markets Are Thriving After FTX's Collapse

Before Aleksandar found crypto, he made the equivalent of $500 a month working as a computer repair technician and, later, at the cash-transfer company MoneyGram. He earned slightly below the national average in North Macedonia, where he lives. But then crypto made him rich.

In 2019, when he was 20 years old, Aleksandar—who asked that his name be changed so he could discuss his private financial affairs—took out a $5,000 loan to invest in cryptocurrencies. It was a risk, but he’d watched the market falling and felt he could snag a bargain. As it happened, he ended up timing the dip almost perfectly. Two years later, after crypto had gone

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