2022 was the year crypto came crashing down to Earth

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FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his first court appearance in New York. Federal prosecutors have charged him with criminal fraud. Michael M. Santiago/Getty Images

Michael M. Santiago/Getty Images

There’s an expression crypto enthusiasts use, with fingers crossed, in the hopes a particular digital currency’s value will blast off: “To the moon!”

Much of crypto did graze the stratosphere at the start of 2022, when enthusiasm was astronomically high, but a few months later it all came crashing back down

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