Crypto crash causes major damage to CEOs

The damage caused by the cryptocurrency market crash is far from being measurable.

Digital currency prices have plummeted from their November highs, wiping out nearly $2.4 trillion, according to data company CoinGecko.

Bitcoin, the most popular cryptocurrency, has lost nearly three-quarters (73%) of its value since hitting a record $69,077.44 on Nov. 10. Similarly, Ether, the second largest cryptocurrency by market valuation, is down 74% from its peak of $4,878.26.

The list of victims of this catastrophe is long: many private investors have lost a large part or a large part of their savings. Prominent crypto firms around the world have filed for bankruptcy, while big names in the business world have booked hundreds of millions of dollars in writedowns.

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