
Unpacking the FTX Crypto Collapse
Ones and Tooze
Cryptocurrency
Should we be expecting any wider financial contagion out of this? I mean, if not, why not? Simply because it's not big enough. The real question needs to be how much money, real money actually went in and whether those losses are in weak hands which were themselves leveraged. It only generates a real financial crisis if they are themselves, what is called weak hands.
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