scorecardresearchWith collapse of FTX, trust in crypto as an asset class takes a blow

With collapse of FTX, trust in crypto as an asset class takes a blow

Updated: 11 Nov 2022, 10:32 AM IST
TL;DR.
As investors face long delays in redeeming their investments due to severe liquidity crunch at the Bahamian crypto exchange , the credibility of crypto market hits a brick wall again. Experts argue that crypto companies should now stop selling the so-called ‘the crypto dream’ to gullible investors.
FTX faced liquidity crunch, leading to extraordinary delays in honouring the redemption requests

FTX faced liquidity crunch, leading to extraordinary delays in honouring the redemption requests