Introduction: Significant Cryptocurrency Crash Impacts Investors Globally On Friday, November 11, 2022, the cryptocurrency derivatives exchange FTX Trading Ltd. revealed that it had applied for Chapter 11 bankruptcy protection in the United States. The company had previously been valued at over USD $32 billion. This signaled FTX’s collapse. Only a week had passed since Binance, FTX’s main rival in the cryptocurrency exchange market and an investor in FTX, announced that it would be selling a sizable portion of its holdings in the native cryptocurrency tokens of FTX, or FTT, sparking widespread investor concern and speculating about FTX’s financial stability. Concerns about FTX’s true solvency were raised as a result of…