Bitcoin ‘crashes’ 87% in under a minute. In a terrifying moment for holders of the world’s most popular cryptocurrency, their wallets were almost completely drained in a flash crash. Source 9t.
Bitcoin and cryptocurrency, including NFTs, has long been rife with fraudulent practices and a way for the wealthy to move around their wealth or for scammers to get others' money, not helped given just how unstable it has proven to be to invest in and how it has affected the market. I hope it fails and all of it can finally be put behind us, or at least more heavily regulated. If nothing else, if it is even worth saving.