4:29:51 PM PST - Wednesday, November 30th, 2022

The FTX implosion is an opportunity to learn  

By Editor - Thu Nov 17, 1:25 pm

At TechCrunch Sessions: Crypto 2022 , Chainalysis CPO Pratima Arora, Tezos co-founder Kathleen Breitman and Ledger CEO Pascal Gauthier talked about security in the crypto industry. And a good chunk of the discussion was spent talking about the collapse of FTX. “First of all, I don’t think it is over,” Pascal Gauthier said. “In the FTX story, it is starting to be a bit more clear every day that the vast sums of money have sort of disappeared and sort of been mismanaged by SBF and his management team.” As a crypto exchange, FTX has become a sort of single point of failure for many users as well as for many of the moving parts of the crypto industry. It’s still not clear how many people, companies and projects have been affected by FTX filing for bankruptcy . But it makes you wonder if crypto has been a bit too centralized

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The FTX implosion is an opportunity to learn

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