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Cryptocurrency crash causes trillions of dollars worth of damage - 60 Minutes AustraliaThe cryptocurrency market is starting to bounce back a year after the collapse of crypto exchange FTX and other big players in crushed. On 7 May , $2bn of the UST stablecoin was "unstaked" and immediately sold, causing it to unpeg and drop to $ This. The FTX fallout in the year shook the market and turned it downside. This year gave a fresh and positive perspective to major.