The Future of Private Cryptocurrencies
TREND #5
In November 2022, the cryptocurrency exchange FTX and its affiliated hedge fund, Alameda Research, collapsed. Behind the scenes, Alameda had been hemorrhaging money on bad trades and using FTX customer funds to cover those losses. Once it was revealed that Alameda and FTX were significantly intertwined, and that FTX was suffering from serious liquidity shortages, the exchange’s customers rushed to withdraw their funds. Many.....
In November 2022, the cryptocurrency exchange FTX and its affiliated hedge fund, Alameda Research, collapsed. Behind the scenes, Alameda had been hemorrhaging money on bad trades and using FTX customer funds to cover those losses. Once it was revealed that Alameda and FTX were significantly intertwined, and that FTX was suffering from serious liquidity shortages, the exchange’s customers rushed to withdraw their funds. Many.....
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