Latin Americans still invest in cryptocurrency despite crisis

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Illustration by Erick Retana This is an extract of an article written by Carlos Gutiérrez Bracho for Connectas and published on Global Voices under an agreement between these media outlets. The collapse of the FTX cryptocurrency exchange platform, created by Sam Bankman-Fried in 2019 and declared bankrupt on November 11, has damaged trust in the digital currency industry as a whole. After becoming one of the largest crypto platforms with a valuation of $32 billion, many now consider this to be a painful reminder of the risks of investing in this digital market. Is this the beginning of the end…