Why is FTT crashing?

Could you please enlighten me on the reasons behind the current crash of FTT? I've been noticing its decline in value and it's quite puzzling. Is it due to some internal issues within the company? Or is it a broader market trend affecting cryptocurrencies in general? Additionally, how does this crash impact the overall crypto market and investors? I'm eager to understand the dynamics behind this phenomenon. Thank you for your insights.