The concept of DeFi has become more controversial after the recent trouble that large crypto exchanges have been going through after the crash of FTX. The influence of this catastrophe on the future of DeFi is vague.
In the wake of the FTX collapse, there has been more and more
FTX’s collapse revealed numerous skeletons in the closet of the company. One of the skeletons appeared to be U.S. Farmington State Bank, which FTX owned through a subsidiary.
FTX’s collapse revealed numerous skeletons in the closet of the company. One of the skeletons appeared to be U.S. Farmington State Bank, which FTX owned through a subsidiary.
The concept of DeFi has become more controversial after the recent trouble that large crypto exchanges have been going through after the crash of FTX. The influence of this catastrophe on the future of DeFi is vague.
In the wake of the FTX collapse, there has been more and more
Recently BIS published a working paper on crypto trading and retail adoption. The main idea was “to provide cross-country evidence that retail investors enter the market following Bitcoin price increases”.
Crypto.com published its Proof-of-Reserve that shows that they have over 100% reserves for major tokens.
FTX Collapse has shattered the market. Crypto users have become more cautious. Crypto.com gave cause for concern when they paused withdrawals on the Solana network after the FTX crash. Now, to reassure their
Sam Bankman-Fried, the ex-CEO of bankrupt crypto trading firm FTX, has been arrested in the Bahamas. He is accused of lying to investors and violating the law starting from the founding of FTX in 2019.
