VNX Founder & CEO — Alexander Tkachenko on FTX Collapse Industry Effects.
21 Nov 2022, 14:23
📢VNX Founder & CEO — Alexander Tkachenko on FTX Collapse Industry Effects
Only two weeks since the collapse of the FTX exchange, and the industry is already feeling the effects of the crisis. What do experts say? Our founder & CEO — Alexander Tkachenko, gave his opinion on the matter to Bitcoinist.com
“The events triggered by FTX were a serious blow to the entire industry and had a domino effect on many players [...] I think the FTX bankruptcy would do far more damage to the industry than the LUNA collapse. While the stablecoin algorithmic model is an experiment in itself and problems are at least tolerable, in the case of FTX, nothing foretold trouble. Moreover, FTX was also the largest exchange serving institutional clients, with the arrival of which the bullrun of recent years was associated. And so the fragile trust is now undermined…”
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