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FTX chapter: chaos on the crypto markets


The crash of the FTX crypto change highlights the shortcomings of this business, writes the Wiener Zeitung:

“In the meantime not solely has FTX gone bankrupt, there are additionally rising indications of large-scale fraud. The supervisory authorities are working to make clear the entangled darkish facet of this case. The FTX crash is under no circumstances an remoted case; the listing of doubtful cryptocurrencies is getting longer and longer. … The crypto scene has a disproportionately excessive guru issue incessantly mixed with a evident lack of economic and structural transparency. … More controls are urgently wanted, in any other case the attention-grabbing points of this know-how, which is now not model new, will vanish into skinny air, like Bankman-Fried’s fortune.”

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