2022/11/08

Apparent Malfeasance behind FTX Cryptocurrency Exchange Insolvency Leaves Veteran Crypto Pundit Cobie Gobsmacked

“The rumours for this blowup seem so egregious and unnecessary to me. I can’t imagine running an exchange that makes mid-8 figures per day in revenue and thinking ‘how can we leverage this for more?’”
– Crypto pundit Cobie, trying to make sense of the insolvency of leading cryptocurrency exchange FTX, a collapse so significant and shocking that it is drawing comparison to the 2008 Lehman Brothers bankruptcy
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