#Letsrebuild (“Let’s rebuild”). The hashtag is a buzzword in the crypto-asset industry, which is reeling from the sudden bankruptcy of major exchange FTX. This real earthquake threatens to be followed by many aftershocks on other companies in the industry. Whether exposed to an FTX token that is no longer worth anything, funds locked up in a bankrupt platform, equity or debt correlations, many companies have suffered or will be ricocheted into the fall. About Sam Bankman-Fried’s Little Empire. “It’s devastating for the industry. They took us back a few years.” Changpeng Zhao, CEO of exchange platform Binance, said this week.
The first priority for these major platforms is therefore to reassure investors in every possible way and avoid further panic. Never have the words “transparency” and “regulation” sounded so loud…
Source: Le Figaro
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.