In the aftermath of FTX’s collapse, lingering concerns around crypto investing are only amplified.
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In the aftermath of the FTX collapse — one of the most significant crypto exchanges in the industry — investors and hedge funds are increasingly questioning the future of crypto.
FTX was once among the top centralized exchanges, a haven for professional and amateur investors. But now, billions of investors’ dollars have disappeared and its former CEO, Sam Bankman-Fried, has been arrested and denied bond, facing conspiracy and fraud charges.
Earlier this month, Binance, the largest exchange by volume and a former rival of FTX, suffered a wave of withdrawals after releasing its “proof-of-reserves” report, a sign of persistent jitters among investors and crypto proponents.
Bloomberg reporter Justina Lee joins senior editor Anna Irrera to discuss.
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This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.
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