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Circle CEO Jeremy Allaire tweeted on 8 that FTX was “Lehman’s second,” referencing the 2008 collapse of funding financial institution Lehman Brothers, which sparked a world monetary This analogy caught, a minimum of over the previous 4

These undaunted by the contagion might probably benefit from steep Supply hyperlink

In a press release despatched to Cointelegraph, Ripple’s APAC coverage lead Rahul Advani mentioned he expects the FTX saga to result in better scrutiny on crypto laws, whereas governments will re-evaluate “their stance in the direction of crypto and blockchain…

It concluded that FTX was a comparatively smaller a part of the crypto trade than Gox was on the time and that the trade ought to bounce again stronger than a 23 Twitter thread, Chainalysis’ analysis lead Eric…

Ray, who oversaw Enron’s chapter in 2001, stepped in as CEO shortly after founder Sam Bankman-Fried resigned (and reportedly tried to flee to Argentina, though he denies He’s completely proper that FTX was introduced down by an entire failure…

CK Zheng, the previous head of valuation danger at Credit score Suisse and now co-founder of crypto hedge fund ZX Squared Capital mentioned that FTX’s fall was a part of a “deleveraging course of” that started after the COVID-19 pandemic…

The fallout of the FTX collapse has left lawmakers spinning two distinct narratives: Democrats hail their monetary regulators as heroes whose warning saved the catastrophe from threatening the broader monetary system, and Republicans argue it proves resistant companies chased…

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From stories that Sam Bankman-Fried (SBF) was arrested on the tarmac on the Bahamas airport to rumors that workers of the trade are attempting to promote the corporate’s belongings, it has been very tough for the neighborhood to separate reality…