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It's still shocking because aside from anything else, CZ must know that FTX dying is going to be massive blow to the whole industry. Like Lehman and Bear Stern'
by tootie 4y ago
It's still shocking because aside from anything else, CZ must know that FTX dying is going to be massive blow to the whole industry. Like Lehman and Bear Stern's but with no Fed or Treasury bailout.
- kadoban 4y agoIs it going to be any more impactful than any of a dozen other big crypto deaths?
- NotYourLawyer 4y agoSBF getting blown up is going to be a bigger deal than any of those other ones.
- europeanguy 4y agoWhy? Isn't FTX like 6% of the trading volume? Who cares?
- NotYourLawyer 4y agoJustified or not, people treat him like the one legitimate and non-scammy crypto billionaire. This is going to have an outsize influence.
- Raidion 4y agoWith BTC down 25% in the last 5 days (including a very sharp drop today as BN "balked", it's clear some people do. A rising tide lifts all boats, but a very public sinking ship makes people reconsider boat ownership.
- low_tech_love 4y agoIf you’re stupid enough to put your money in a fantasy, yes, I guess.
- sbierwagen 4y agoI mean, when MtGox blew up there was a multi year crypto winter.