4 ms·
It seems like a fundamental flaw in their business model rather than a market downturn. This seems like a bigger deal to me because FTX is part of then new wav
by Philip-J-Fry 4y ago
It seems like a fundamental flaw in their business model rather than a market downturn.
This seems like a bigger deal to me because FTX is part of then new wave of crypto companies that were supposed to be legitimising crypto. And even they can't stay afloat. It's just a matter of time before the next crypto giant falls.
- friend_and_foe 4y agoEvery time there's a bull market a hundred new operations spring up. And some of them always present themselves legitimately, and most of them always fail when the downturn comes. This is a run of the mill downturn, it happens every single time. A ton of "crypto giants" don't survive the downturn, every single time.