Beyond Digital Beyond

Why the ‘worse than Enron’ FTX meltdown will not spread contagion beyond cryptos

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moneycontrol.com

Over the last 15 days, the crypto world has looked on in horror as FTX and its 130-plus complex of related crypto entities filed for bankruptcy.

A few months back, FTX was in the market to raise funding at a valuation of $32 billion. FTX, as the world’s second largest cryptocurrency exchange, was in a liquidity and asset liability mismatch crisis.

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