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Caroline Ellison leaves federal court in Manhattan after testifying during the trial of former FTX CEO Sam Bankman-Fried on Oct. 10. Ellison said Bankman-Fried was the main decision-maker and steered her to transfer funds from cryptocurrency exchange FTX to Alameda Research, a financial firm she headed. Michael M. Santiago/Getty Images hide caption

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Michael M. Santiago/Getty Images

Naum Lantsman in his Los Angeles home. He fell victim to a cryptocurrency scam and ended up losing his entire life savings. Grace Widyatmadja/NPR hide caption

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Grace Widyatmadja/NPR

He lost $340,000 to a crypto scam. Such cases are on the rise

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Securities and Exchange Commission Chair Gary Gensler listens during a meeting of top financial regulators at the U.S. Treasury Department on Oct. 3, 2022, in Washington, D.C. The SEC's lawsuit against crypto exchanges Binance and Coinbase this week are intended to bring both under the regulatory purview of the agency. Anna Moneymaker/Getty Images hide caption

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Anna Moneymaker/Getty Images

Wall Street's top cop is determined to bring crypto to heel. He just took a big shot

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Text scams, crypto crackdown, and an economist to remember

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FTX founder Sam Bankman-Fried arrives at the U.S. Federal Court in New York for a hearing on Feb. 16, 2023. As he awaits trial, the disgraced former CEO is defending himself in the court of public opinion. Timothy A. Clary/AFP via Getty Images hide caption

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Timothy A. Clary/AFP via Getty Images

Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut up

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Former FTX chief executive Sam Bankman-Fried arrives in a Manhattan federal court in New York on Jan. 3. Bankman-Fried pled not guilty to criminal fraud charges related to the spectacular collapse of his crypto exchange. Ed Jones/AFP via Getty Images hide caption

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Ed Jones/AFP via Getty Images

Sam Bankman-Fried pleads not guilty to fraud and other charges tied to FTX's collapse

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In this photo provided by the North Korean government, North Korean leader Kim Jong Un attends a ruling party congress in Pyongyang on Jan. 12, 2021. North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, South Korea's spy agency said Thursday. Korean Central News Agency/Korea News Service via AP, File hide caption

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Korean Central News Agency/Korea News Service via AP, File

Sam Bankman-Fried's crypto empire abruptly collapsed last month. Now he's been charged with multiple counts of fraud. He's seen here speaking during a House Agriculture Committee hearing in May. Tom Williams/CQ-Roll Call via Getty Images hide caption

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Tom Williams/CQ-Roll Call via Getty Images
Frederick M. Brown/Getty Images

The Indicator Quiz: Crypto and GDP

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An advertisement for Bitcoin cryptocurrency is displayed on a street Feb. 17 in Hong Kong. Bitcoin slumped to a two-year low Wednesday. Kin Cheung/AP hide caption

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Kin Cheung/AP

At the beginning of the pandemic, Michelle Milkowski started investing in penny stocks. A few months later, she bought cryptocurrency for the first time. Kholood Eid for NPR hide caption

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Kholood Eid for NPR

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

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Images from the Bored Ape Yacht Club NFT series. Mario Tama/Getty Images hide caption

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Mario Tama/Getty Images

The celebrity crypto nexus

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A visual representation of the digital Cryptocurrency, Bitcoin. A new report says the technology's security is vulnerable. Dan Kitwood/Getty Images hide caption

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Dan Kitwood/Getty Images

Cryptocurrency tech is vulnerable to tampering, a DARPA analysis finds

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El Salvador's El Zonte is now popularly known as "Bitcoin Beach," for being the first town to use the cryptocurrency as a form of payment for services, products and salaries. Juan Carlos for NPR hide caption

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Juan Carlos for NPR

El Salvador's leader wants to go in even bigger on bitcoin

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A view of the Compute North facility in rural Nebraska. John Ruwitch/NPR hide caption

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John Ruwitch/NPR

How the U.S. benefits when China turns its back on Bitcoin

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