After a series of highly public collapses in exchanges and lending programs, crypto suffers from a crisis of confidence.
Decentralized finance projects and protocols have seen a spike in usage after the recent bankruptcies.
The fall of FTX has sparked fresh concerns over the loosely regulated nature of crypto companies.
Bitcoin's gyrations underscore the uncertainty looming over cryptocurrencies.
The thieves exploited a technology that allows digital coins to be swapped between different blockchains.
The cryptocurrency now accounts for 44% of total crypto market value, the most since October.
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