«I feel obliged to intervene to stop the infection, even if it means a fatal loss for us.Recently explained Sam Benkman-Fried, a young billionaire, co-founder and CEO of Alameda Research և FTX cryptocurrency derivative platform. The latter, based in the Bahamas and valued at more than $ 32 billion, has established itself over three years as one of the major exchange platforms alongside Binance և Coinbase.
In recent weeks, the crypto market has accelerated due to chain reactions. The sharp collapse of the TerraUSD stablecoin in May destabilized the highly underdeveloped Three Arrows Capital hedge fund. The clients of the latter, several credit platforms appear on the edge of the razor, until they have to prevent their clients from recovering their money … The spread of these bad debts through the ecosystem …
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.