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This was enough for CZ to say. I’m out. This then caused a chain reaction and a run on the FTX token, turning the risk FTX was taking into a self-fulfilling prophecy.

Now FTX has now filed for bankruptcy, turning this into the true Lehman Brothers moment of this crypto winter, and more companies could soon follow. Right now, fear, uncertainty, and doubt are at an all-time high; emotions are running hot.

We’ve had Terra Luna and Celsius FTX all go under. As we move into the end game for this crypto winter, people will still be processing losses, and blame will be thrown around as denial turns into anger. And so the question is, what happens now? Well, in this article, we’ll be taking a look at three main things.