Tales from the crypto prompt calls for FX-style market structures – Risk.net

For crypto skeptics, the demise of FTX was akin to a Greek tragedy, in which the arrogance of its founder, Sam Bankman-Fried, was inevitably followed by his nemesis, as an empire once worth $40,000 millions became essentially worthless.

However, for crypto investors, the bankruptcy of the exchange and the subsequent fraud charges against its founder are more like a horror story, and it is giving them ongoing nightmares as they consider how to avoid becoming embroiled in something similar.


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