Fintech Newsletter Okay Signals the FTX Scandal

The FT scandal happened because of centralization not crypto the corrupts of FTX and its ongoing contagion in the crypto market has caused many to question the future of cryptocurrency. The purpose of decentralization financial systems is to prevent this details of the ftx scandal are still merging but here is a high-level overview of what we already knowFTX was one of the most trusted names in cryptocurrency with billions of dollars trading on exchange daily  the company had many celebrity endorsements and even stadium sponsorshipsftx CEO Sam Bankman Freed SPF also had a crypto hedge fund Alameda this fund often dealt with risky investments but was assured to be separate from FTX FTX had a token called