A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto

Barron's2022-11-12

How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?In crypto, about a week.The ...

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Comments

  • hippyboy
    2022-11-14
    hippyboy
    Time for everybody to move all their crypto to coldwallets offline. This is the only way to know the solvency of the wild wild west crypto exchanges. After the dust has settled you can then slowly re-deposit back.
  • cowsmile
    2022-11-14
    cowsmile
    Kink
  • Nighttt
    2022-11-14
    Nighttt
    Ghibli
  • Nighttt
    2022-11-14
    Nighttt
    Chui
  • PearlynCSY
    2022-11-14
    PearlynCSY
    Forbes reports Temasek having invested US$205 into bankrupted cryptocurrency exchange. According to an exclusive report by Forbes, Temasek Holdings has US$205 million invested into cryptocurrency platform FTX which has filed for bankruptcy in the United States. FTX Group announced in a statement on Friday (11 Nov) that it filed for US' Chapter 11 bankruptcy proceedings, adding it has begun an “orderly process to review and monetize assets for the benefit of all global stakeholders.” The filing comes after the world’s biggest cryptocurrency platform Binance agreed to buy its rival earlier this week but backed out, leading market players to consider possible regulator responses. Forbes' report noted that FTX became a huge draw for venture capitalists eager to get in on the Bitcoin boom as th
  • PhilipGoh
    2022-11-13
    PhilipGoh
    Finished [Cry] 
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