Opinion
A bit more fear and doubt about crypto is healthy
The demise of FTX has delivered a few tough lessons in two of the guiding principles of money management – do your homework, and keep it simple.
Katie MartinContributorThe silver lining to the spectacular collapse of FTX is hard to see if you are one of the 1 million or so creditors in the crypto exchange’s bankruptcy proceedings.
That mix of professional groups and individuals will struggle to get any of their money back. Even the new chief executive, a man who once oversaw the liquidation of Enron, no less, said that it was the most shambolic corporate failure he had ever seen.
Financial Times
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