As non-fungible tokens (NFTs) continue to make waves, the possibilities of the digital and physical world colliding have grown with augmented reality.

Augmented reality tokens have grown in popularity since the metaverse boom. Creators have found a bridge between the immersive technologies of augmented reality and NFTs.

## What is augmented reality?

Commonly called AR, augmented reality is an interactive experience that enhances real-world objects through computer-generated information.

AR helps creators enrich their works by allowing technologically creative ways to exhibit and give context to digital artwork.

## What are augmented reality tokens?

NFTs transform AR experiences and make them verifiable assets. These tokens are Proof-of-Ownership tokens attached to digital assets on the [blockchain](/news/article/what-is-blockchain). 
These tokens are unique and not interchangeable, making the owner the sole possessor of the digital media.

These tokens have different use cases depending on the augmented reality intended by the creator. The most popular use cases are in art, gaming, and e-commerce.
In art, NFTs are pivotal to allowing artists to sell digital assets stored on the blockchain. AR allows NFT collectors to experience digital art in creative ways.

In gaming, play-to-earn (P2E) has grown popular in the past few years. Augmented reality tokens allow players to acquire in-game assets and cryptocurrency. Players can experience their in-game assets through AR, making the game more immersive and the narrative more compelling.

## Benefits of AR Tokens

### Use cases:

Augmented reality tokens add physical elements to digital assets. Users can distinguish themselves in the Metaverse with AR avatars, and creators can engage directly with fans.

They also serve as native tokens on different platforms. The tokens can be used to purchase features, in-game assets, and services.

### Passive source of income:

AR tokens allow creators to earn royalties on every transaction. Collectors can also own tokens that can be traded and surge in price.

## What are some popular AR Tokens?

If you intend to invest in AR tokens, you need to buy the project's tokens to be able to participate in their ecosystem. Here are some top-performing projects you should consider.

### 1.	Mossland: 
According to [CoinGecko](https://www.coingecko.com/en/categories/augmented-reality), in the last seven days, [Mossland](https://www.moss.land/en) has remained the top AR token. Open-source Metaverse platform Mossland is a place where users can buy and sell digital/offline goods, collect points, and play mini-games.

The Mossland Metaverse token is the Moss coin (MOC). This token is used for Mossland's entertainment services that mirror the real world.

### 2.	Somnium Space: 
This is an augmented reality world built on the Ethereum blockchain. On [Somnium Space](https://somniumspace.com/), users can buy land, build or import NFTs, explore, and trade.

The native token of the platform is CUBE, an ERC-20 token. CUBE can be used to purchase land and pay for services on the Somnium platform.

### 3.	Over the Reality (OVER): 
Built on the Ethereum and Polygon blockchains, OVER is a seamless bond of the physical and digital worlds. The platform allows users to own digital real estate and supports AR capabilities like AI avatars and realistic NFT assets. The OVR token serves as the platform's native token.

## Conclusion

While no one can predict the future, it appears augmented reality tokens will be part of what the [Metaverse](/news/article/how-to-invest-in-metaverse) looks like in its final form.


pink image of AR visualisation of 3d bitcoin token

Augmented Reality Tokens Explained 

Over the last decade, the popularity of cryptocurrencies has grown. Increased interest in the nascent asset class has led to new exchanges popping up, making it easier to purchase crypto. But how do you buy crypto with Amex?

Payment options to purchase cryptocurrencies have expanded. Methods like bank transfers, cash, debit, and credit cards have grown in acceptance.

Despite this, major credit card issuers in the US, like TD Bank, Capital One, and PNC Bank, have blocked crypto transactions. They claim that they're risky assets for their customers. Other financial service providers, like American Express, have maintained support for buying crypto through their credit cards. This is not without caveats, however.

## The American Express Crypto Broker

American Express has maintained a cordial relationship with crypto. It allows customers to deposit money using their Amex card to fund their crypto account. This means that American Express provides the services of a broker that acts as a middleman, allowing you to execute trades while charging small fees.

It is simple to purchase cryptocurrencies on the market with credit cards that permit the transaction. According to a [LendEDU poll](https://lendedu.com/blog/bitcoin-and-credit-cards/), 18.15% of Bitcoin investors claim to have funded their accounts with credit cards.

However, you must find a third-party cryptocurrency exchange that accepts American Express if you want to purchase Bitcoin and other cryptocurrencies using it. First, open an account and then fund it with a credit card.

## What you must know before you buy crypto with Amex

### Brief History

The headquarters of American Express is located in New York City's Three World Financial Center. The company was established in 1850 in Buffalo, New York, as an express mail service. Later, it expanded its offerings to include credit cards, traveller's checks, and money orders. More than 130 countries are served by American Express.

American Express is governed by state banking regulations in the United States and has a license from the US Department of Treasury Financial Crimes Enforcement Network to operate as a money transmitter. American Express is also a Federal Deposit Insurance Corporation (FDIC) member.

### What to know

Credit card issuers are generally still wary of crypto. Hence, there are caveats surrounding Amex's facilitation of crypto purchases.

First, most exchanges limit large purchases of crypto assets when using a credit card. This is to protect users from possible fraud and not allow them to max out their credit cards by funding their account.

Amex limits users to $200 worth of Bitcoin daily and up to $1,000 per month.

Second, credit cards like Amex also offer an additional level of security that other modes of payment don't provide. 

Safeguards like [fraud protection](/news/article/crypto-scam) and the ability to call and reverse purchases help customers secure their funds.

Third, the cost of purchasing crypto with credit cards differs from exchange to exchange. You will pay a transaction fee of 3.5% of your purchase plus $0.15 when using 247Exchange. When you consider that Coinbase charges 3.99% and Coinmama comes in at almost 6%, this is one of the lesser fees. However, CEX.io only charges 0.2%, but using the exchange requires a time-consuming verification process.

American Express transaction fees might be as high as 4%. When you buy crypto with Amex, it may result in a higher fee because American Express charges merchants a larger fee than other payment processors.
An annual fee can be associated with your card, depending on which Amex card you choose. Amex can also charge you for currency conversion fees, returned payments, and late payments.

Furthermore, before deciding to buy crypto with Amex, potential customers should consider the speed, ease of use, and reputation of the intended exchanges.

## Where can you buy crypto with Amex?

All major exchanges accept credit cards as a payment method for crypto. Here are some exchanges to consider:

1.	Paxful: 
Paxful allows users to trade crypto directly with one another. It's an open marketplace where users can quickly buy the crypto of their choice with less hassle. Amex works [seamlessly](https://paxful.com/buy-bitcoin/american-express-card/?paymentMethod=american-express-card&countryIso=NG&hasScroll=true) on the platform.

2.	CEX.io: 
This crypto exchange is one of the pioneer exchanges in the market. It dates back to 2013, when it was established in London. It supports virtually all countries around the globe.
It's registered with [FinCEN](https://en.wikipedia.org/wiki/Financial_Crimes_Enforcement_Network) in the US. In the UK, it's listed as a Money Service Business. The exchange says it's never lost user funds.

3.	eToro: 
This company was established in 2008 as a social trading platform. It caters to CFDs, stocks, indices, currencies, commodities, and cryptos.

Amex is an accepted broker on the platform.

## How to buy crypto with Amex

1.	Choose your preferred exchange: 
The first step is to look for an exchange that allows you to buy crypto with American Express. Though Amex is not as widely accepted as Visa and MasterCard, all the exchanges listed above accept Amex.

Also, confirm the processing fees, trading fees, and withdrawal fees.

2.	Registration and KYC: 
Once you've been able to choose a preferred exchange, you have to set up your account.
Hit the sign-up button and provide any personal information required. Regulated platforms will ask for complete KYC, including a photo ID.

3.	Deposit funds: 
Once you're done with registration, select the "deposit funds" option. Enter your deposit amount, then choose "credit card" as your preferred payment method. Enter the Amex card details required to connect your card. Then make a deposit.

4.	Buy crypto: 
When your deposit reflects on the exchange, you can begin purchasing the crypto of your choice.

## Bottom Line

The pros of using the Amex credit card to buy crypto cannot be overstated. Users enjoy fast processing of their deposits and industry-standard fraud protection.

Though Amex is plagued by high transaction fees and a limited purchase size, its crypto-friendly stance has made it a more widely accepted method of payment on crypto exchanges.


blue image of american express credit card with pile of bitcoins

How to Buy Crypto with Amex 

In Binance news, a US Drug Enforcement Administration (DEA) investigation has found that a drug cartel operating in several countries used Binance to move millions of dollars in illegal profits.

## DEA tracks Cartel using exchange in latest Binance news

According to a [Forbes](https://www.forbes.com/sites/thomasbrewster/2022/12/19/mexican-drug-gang-money-laundering-over-binance-crypto-exchange/) report, popular crypto exchange Binance is the subject of a DEA investigation alleging that a Mexican-based international drug cartel used the exchange to funnel millions of dollars in profits.

The report said that the DEA, with help from Binance to identify the suspects, was able to track the gang, which dealt in methamphetamine and cocaine. The gang had operations in the US, Mexico, Europe, and Australia.

The report noted, "Between $15 and $40 million in illicit proceeds may have been funnelled through Binance".

The investigation began in 2020 following a search warrant. Several DEA informants using the crypto exchange localbitcoins.com communicated with users who offered crypto for cash.

The method used by the gang was as follows: a user sends [BTC](/coins/btc) or USDC to the seller's account and then meets in person to take the cash. The DEA identified the Mexican national as Carlos Fong Echavarria.

The report mentioned that the suspect misrepresented the source of the funds, claiming they were coming from family eateries and cattle farms. The arrest was made in 2021 after DEA agents confirmed that the account was used to launder funds.

Matthew Price, Binance's senior director of investigations, told Forbes that the blockchain was key.

He said this was an example of where blockchain transaction transparency "works against criminal actors", adding, "The bad guys are leaving a permanent record of what they're doing."

## Binance under the spotlight

The exchange has been under the spotlight lately. However, its CEO, Changpeng Zhao, reaffirmed in a recent [tweet](https://twitter.com/cz_binance/status/1605828931105435648?s=20&t=V_WM8ww3-B-TTZrIrpbaOA) that "crypto is not a good tool for illicit activities, unlike cash".

In a May blog post, Binance [said](https://www.binance.com/en/blog/ecosystem/crypto-and-money-laundering-an-inconvenient-truth-421499824684903925) that the exchange had helped the US Drug Enforcement Agency seize over 100 accounts connected to illegal drug dealers.

A recent [Reuters report](https://www.reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/) also noted that Binance might be the subject of a probe by the US Department of Justice. However, a company spokesperson said any DOJ investigation is fueled by false insinuations.



red image of money laundering with binance logo

Binance News: DEA Uses Exchange to Track Cartel

If it sounds like a pyramid scheme, you are right. If it sounds like artificial inflation, you are right. Pump and dump schemes made headlines before [Bitcoin](/coins/btc) was created. Recently, several news stories have pointed to many scams attempting to manipulate cryptocurrency prices through this scheme.

While digital currencies are relatively new, they are prone to old scams. The novel blockchain technology that backs cryptocurrencies can be used to create an artificial financial mania. Like the popular [Tulip mania](https://en.wikipedia.org/wiki/Tulip_mania) that occurred in the Dutch Republic between 1634 and 1637, what this scheme banks on is the ability to create an illusory surge of public interest in a particular asset such that easy and massive wealth seems to be within reach of the average investor. The cryptocurrency's price soars past its fundamental value, and everyone is buying to avoid missing out.

Eventually, an inflection point is reached once the price is fully "pumped." The people behind the scam begin to sell the cryptocurrency for a higher price. Dumping the coin and pocketing the profit while innocent investors watch the price plummet. 

## What are pump and dump schemes?

Pump and dump schemes, which fraudulently manipulate prices by disseminating false information, have existed in economic contexts since at least the 1700s. With the advent of new technology related to cryptocurrency trading, the issue has a wider scope.

This scam takes advantage of individual investors while earning huge profits for con artists. They may include social media influencers who are compensated for encouraging people to purchase a particular digital coin in order to increase its value.

![pd.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/pd_3be9ce84f2.png)
 
### *The three phases of a pump and dump operation*

This type of scam targets new and small-cap coins. These types of coins do not require a lot of money to manipulate, so they are easy picks. Rarely will you hear of a Bitcoin pump because it will require a lot of money. Many small-cap coins do not have any real use cases. The scammers simply create the illusion of importance by roping in celebrities and industry thought leaders to make the cryptocurrency look more interesting.

The number of pump and dump scams has steadily increased. In a 2018 [report](https://www.wsj.com/graphics/cryptocurrency-schemes-generate-big-coin/?mod=article_inline?) by the Wall Street Journal, crypto pump and dump schemes accounted for $825 million in trading activity in six months, causing hundreds of millions of dollars in losses. In that year, from January to July, there were 125 pump-and-dump scams that manipulated the price of 121 different coins.

According to [Chainalysis data](https://www.coindesk.com/markets/2021/12/17/defi-rug-pull-scams-pulled-in-28b-this-year-chainalysis/), they made up 1% of total illicit revenue in 2020. In 2021, they accounted for a whopping 37%.

## How does this scam operate? 

A pump and dump scheme operates on two levels:

1.	Insiders of the token promote and stir the price while they sell slowly.

2.	Scammers target a particular token and rally the token community to buy, triggering a soar in price. Whoever buys last is left with an empty bag.

Whichever one operates, there's a team of tech-enabled, motivated, and organized players at the centre. This team often includes internal investors who provide funding to buy the token and raise demand.

While the investors fund the artificial demand for the token, another team fuels the disinformation campaign, trumpeting non-existent use cases or completely false details about the token. With social media and instant messaging apps, marketing the good word about the token is easier. Platforms like Telegram, Twitter, Facebook, and YouTube have become breeding grounds for these marketers.

These marketers use famous people to help sell the tokens because they want to get people interested. Fear of missing out (FOMO) is what makes this scam work, so outside investors and traders rush to buy the token. The price crashes as investors realize too late that they invested in a scam.

## How to spot crypto pump and dump 

Generally, the first step to spot a bad investment is to do your own research. Look up the token, read the white paper, check the exchanges on which it is listed, the order book, and the token timeline. If it's too good to be true and has no clear purpose or utility, it's most likely a scam.

Second, an investor should understand that scams are modelled by psychological tricks. It's important to understand if FOMO is contributing to your decision on whether to invest or not. Always be self-aware. Are you investing because you don't want to miss out? Well, you may end up holding an empty bag.

Last year, some anonymous developers launched the SQUID token, riding on the success of the Netflix hit show Squid Game. Before the pump, SQUID was worth about two cents. Soon after the marketing ploy hit, the coin went from $0.01 to $38 within a week. The perpetrators rode on the FOMO and [made off with $12 million](https://www.yahoo.com/video/biggest-pump-dump-scheme-ever-123048530.html). Invest in various tokens. Only invest your money after you have carefully evaluated a project. If it crashes, take your money out while there's still time.

Another psychological trick these fraudsters use to ensnare you is the idea that everyone in a pump group is an insider. The truth is, as [Coffeezilla puts it](https://www.newyorker.com/news/letter-from-the-southwest/coffeezilla-the-youtuber-exposing-crypto-scams), “there is an insider within an insider club in all of these pump and dumps."
"Only true insiders are aware of the pump and dump signals before others."

If you're not a founding member of the token community, your investment will only amount to zero.
Why is a fashion influencer suddenly talking about some cryptocurrency? Your answer: it's most likely a scam. Influencers and celebrities are a major part of legitimizing a scam token. Their reputation (though paid for) is staked as a reason to buy.

A sudden spike in the price of a relatively unknown coin points to the "pump phase" of the coin. You can see on the price chart a sharp price hike. This is a red flag.

## Bottom line

The unregulated crypto industry opens the door for fraudulent players in the market. The high and fast profits from these pump and dump schemes entice scammers to take advantage of unsuspecting investors.

A vigilant investor knows to always be on the lookout for these scam schemes. You don't invest more than you're willing to lose while spreading your investment across different tokens. Only invest your money after you have carefully evaluated a project. If it crashes, take your money out while there's still time.


How to Spot a Pump and Dump

The founder and disgraced CEO of the failed crypto exchange FTX, Sam Bankman-Fried, was arrested on Monday after the US Government filed a criminal indictment.

These charges follow weeks of speculation that the FTX CEO misused customer funds.

## FTX CEO arrested

Sam Bankman-Fried, popularly known as SBF, was arrested by the Royal Bahamas Police Force. The police said that the arrest was initiated following receipt of formal notification from the US Government that it filed criminal charges and is likely to request that SBF be extradited.

In a statement, the Bahamas Police confirmed that Bankman-Fried was taken into custody without a hitch at his Albany apartment complex at 6pm.

SBF's arrest resulted from financial offences alleged in the US which would also be offenses in the Bahamas, the statement said.

A sealed indictment filed by the Southern District of New York was the basis for the arrest. US Attorney Damian Williams confirmed this in a [tweet](https://twitter.com/SDNYnews/status/1602451395910803457). 

Last month, the exchange filed for bankruptcy in the US after it imploded [almost overnight](/news/article/sam-bankman-fried-lost-billions), leaving customers unable to access their funds. According to court filings, FTX owed its largest creditors around $3.1 billion.

The dramatic fall from grace has been the talk of the market. The exchange's CEO was expected to testify about the [company's collapse](https://www.nytimes.com/2022/12/09/technology/ftx-text-messages.html) in Congress on Tuesday.

## Bankman-Fried future looks clouded

According to the [New York Times](https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html), the charges filed against Bankman-Fried include wire fraud, wire fraud conspiracy, securities fraud, security fraud conspiracy, and money laundering.

However, it's still unclear whether customers will be able to recover some, if not all, of their funds. A 2 November report on ties between FTX and Alameda, a trading company also controlled by the FTX CEO, exposed that Alameda's balance sheet was overexposed to FTT currency (FTX's token).

According to the extradition treaty between the US and the Bahamas, defendants may be returned to the US provided their offenses carry a minimum one-year sentence in both countries.

The 30-year-old has recently disregarded legal counsel and increased his public appearances, providing his version of his company's abrupt failure and typically portraying himself as an inept CEO.

"I didn't knowingly commit fraud," he said during a BBC at the weekend. SBF told the interviewer he didn't want any of this to happen and added that he was "not nearly as competent" as he believed himself to be.



red image of crime scene with pictures of Sam Bankman-Fried and a sign that says "bahamas"

Former FTX CEO Sam Bankman-Fried Arrested

As decentralized finance (DeFi) continues to shape the world of finance, many cryptocurrencies have entered the market. One such is SPELL, the reward token for the DeFi protocol Abracadabra. Read on to find out how to buy Spell Token.

It's one of those small altcoins in the crypto market with huge potential. While moderately sized, it plays a crucial role in the lending and borrowing platform [Abracadabra.money](https://abracadabra.money/). The token is built on the [Ethereum](/coins/eth) network, so it's an ERC-20 token.

However, before we dive deep into buying Spell Token, let's look at some fundamental knowledge.

## What is Spell Token? 

Decentralized lending platform Abracadabra.money offers two tokens - Spell Token (SPELL), the native token, and Magic Internet Money (MIM), a stablecoin pegged to the USD utilized to fund user loans.

Spell Token is the native token that can be farmed by providing liquidity in one of the pools and also staked to accrue the share of gas fees on the Abracadabra platform. The token has a total supply of 210 billion, with [105 billion](https://coinmarketcap.com/currencies/spell-token/) currently in circulation.

After making an investment in the Spell Token, users have voting rights and a say in how the project is run. You can influence decisions in direct proportion to how much SPELL you hold. Investors receive 75% of the trading charge, with the remaining 25% going to other uses.

Additionally, Abracadabra provides users with yield farming possibilities. By acting as liquidity providers, users can farm SPELL tokens and improve the liquidity of specific cryptocurrency pairs, such as ETH-SPELL and MIM-3CRV. Additionally, users can open leveraged farming positions by using borrowed MIM.

## What problem does the Spell Token solve? 

As stated, SPELL is the native token of the Abracadabra ecosystem. Hence, it plays an important role in the functionality of the project. Here are the major two:
 
## A reward token 

SPELL's primary purpose in the ecosystem is to serve as the reward token for Abracadabra.money users. The token serves as an incentive to help ensure user loyalty and support. This, in turn, aids the growth and price stability of the platform.

## A lender token 

Users can farm SPELL on the platform via staking, yield farming, depositing collateral, and borrowing Magic Internet Money (MIM). All of this enables higher liquidity for specific cryptocurrency pairs, including ETH/SPELL and MIM/3CRV.

## How to buy Spell Token

There are many crypto exchanges that trade in SPELL. Prominent among them are Coinbase, Binance, FTX, OKX, and Bybit.

In a few minutes, you can acquire as much SPELL as you desire. Just follow these simple steps.

1.	Do your research: 
Buying the Spell Token is easy, but you've to compare which exchange offers the best in terms of low fees and around-the-clock support.

2.	Open an account: 
Once you have been able to figure out which crypto exchange to use, you can then create an account with the exchange. This will require you to verify your email address and other necessary KYC requirements.

3.	Make a deposit: 
Once your account is created and verified, you can deposit your local fiat currency as accepted by the crypto exchange.

4.	Buy SPELL: 
With your deposit, you can now exchange your funds for SPELL.

## What do you need to buy SPELL? 

Generally, you only need your email, phone number, and other KYC requirements to buy cryptocurrencies on [crypto exchanges](/news/article/best-crypto-exchange-uk-reddit). The documents needed may include proof of address and proof of identity documents to verify you on those exchanges.

After you've been verified, you can buy cryptocurrencies like SPELL. However, it's advisable that you activate two-factor authentication to protect your digital assets from cyberattacks.

## To buy or not to buy? 

Since the general crypto market plunged into the [crypto winter](https://www.forbes.com/advisor/investing/cryptocurrency/what-is-crypto-winter/), DeFi tokens have suffered significant losses. The price momentum that the Spell Token gathered over the last year has almost fizzled out.

The utility that SPELL offers within the Abracadabra.money ecosystem is a key driver of the token's growth. However, negative market conditions have turned the token towards a bearish trajectory, pushing the price lower.

However, future growth is imminent. New technological solutions, a more bullish market, and more utility are some factors that may shape the future of the token. To reap future benefits, investors should consider investing in Spell Token. Please do your own research before investing.



green skyline with floating altcoin logos. Speel token logo is central

How to Buy Spell Token

The crypto winter has been a bloodbath for Bitcoin investors. Many have depleted their portfolios as they scramble to save what is left. However, following the fall of FTX, there's been an uptick in Bitcoin holders accumulating BTC in cold storage.

## FTX fall motivates self-custody

Recently, new highs were reached in the number of wallets holding 1 BTC or more. This is a positive indication that investors are determined to keep their Bitcoin holdings even when the price declines. Likewise, the number of wallets holding 10 BTC or less has also reached a record high.

The recent problem of insolvency among centralized exchanges has been linked to this recent accumulation in cold storage. The recent crashes of [FTX](https://www.theguardian.com/technology/2022/nov/18/how-did-crypto-firm-ftx-collapse), Voyager, Genesis, and other crypto firms have triggered negative sentiments in the market. Investors are increasingly worried they might lose their BTC if the exchange goes out of business.

Data from [Glassnode](https://studio.glassnode.com/metrics?a=BTC&m=distribution.BalanceExchanges&s=1570361904&source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link&u=1587222400&zoom=) shows that, as a result, exchange balances have drastically decreased, with more than 177.9k BTC removed from exchanges in the last month. This trend will likely continue as investors become more aware of the risks of putting their money in centralized exchanges.

Bitcoin investors' withdrawals from centralized exchanges have also impacted exchange supply. Bitcoin available on exchanges has fallen to 11.99%, its lowest since December 2017.

Checkmate, the lead analyst at Glassnode, noted that this looks like at least a short-term movement towards self-custody, partly out of concern for CEX solvency.

## Hardware wallets enjoy good sales

A downturn in the market generally doesn't inspire the spirit of accumulation among investors. However, hardware wallets like [Trezor](/news/article/why-consider-a-trezor-wallet), Ledger, and ColdCard have experienced a surge in demand for their products.

Josef Ttek is a Bitcoin analyst at Trezor, one of the leading hardware wallet providers. He said there had been a 'dramatic increase' in demand for Trezor devices and the Trezor Suite.

"Normally, a bear market is rather a quiet period for us," he added. "This uplift in sales only shows how big of an impact the collapses of FTX and BlockFi have on people's trust in custodian services."

Trezor noted a [300% increase](https://cointelegraph.com/news/trezor-reports-300-surge-in-sales-revenue-due-to-ftx-contagion) in hardware sales following the FTX fiasco. Also, Relai, a Bitcoin exchange headquartered in Switzerland, has seen a similar rise in users and Bitcoin investors using their platform to trade.



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