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The SEC has widened an ongoing investigation into FTX which is now looking at potential mishandling of customer funds. Binance's CEO and a member of staff yesterday made it very clear that he does not see the collapse of their rival FTX as good news for his company or for the wider crypto space. The collapse of a major player, not only in exchange but also potentially the sister trading firm Alameda could pose significant contagion risk. A lot of people will be selling first and asking questions later.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode