3min chapter

Ones and Tooze cover image

Unpacking the FTX Crypto Collapse

Ones and Tooze

CHAPTER

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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