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Why the ‘worse than Enron’ FTX meltdown will not spread contagion beyond cryptos
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moneycontrol.comOver 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. Its collapse pitched the digital assets market into another crash, the second of 2022.
During the earlier crypto...
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