VNX Founder & CEO about FTX Crisis for Blockworks.
10 Nov 2022, 15:53
đVNX Founder & CEO about FTX Crisis for Blockworksđ
Fears of insolvency and the potential sale of the FTX exchange â the fourth largest exchange by daily volume, have no doubt shaken the crypto world.
đ˘Our Founder & CEO, Alexander Tkachenko, gave his opinion on the situation to Blockworks:
âFTX appears to have been the source of liquidity for the various speculative transactions of the founders, which led to this situation. The sale of FTX and fulfilling its obligations to the users is the best option. It would be very damaging to the crypto industry if the Binance deal doesnât go through, leading to users losing their assets. Zhao appears to understand this and is acting as the âlender of last resort.'â
đRead full article: blockworks.co/news/ftx-users-band-together-had-entire-net-worth-on-there-oops/