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Hardest hit in digital-asset markets was a group of tokens commonly associated with Bankman-Fried � because he either invested in them or was one of the biggest backers of the projects, or both. FTX files for Chapter 11 bankruptcy protection. For most crypto traders, though, the November pain will likely be felt far more acutely than any spotty gains. Members of Congress have said they are more inclined to legislate new protections governing digital tokens and exchanges. There have already been signs of a spillover effect.
