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> “The FTX fraud failure was a huge setback for the industry,” said David Pakman, an investor at CoinFund, a crypto investment firm. “That has tainted the marke
by raziel2p 3y ago
> “The FTX fraud failure was a huge setback for the industry,” said David Pakman, an investor at CoinFund, a crypto investment firm. “That has tainted the market and made it harder to raise capital.”
So the crypto industry want their public image restored to make room for the next FTX, I guess. Makes sense.
> Mr. Kling’s firm, Ikigai, lost $65 million in FTX’s bankruptcy. In group chats, he has tried reminding other debtors that it’s unhealthy to hold on to their hatred. He has dealt with it by hitting the gym.
Almost reads like satire.