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Nov 18, 2022

The worst is yet to come: FTX pandemic could ‘wipe out’ several crypto companies

Posted by in categories: biotech/medical, business, cryptocurrencies

‘Never in my career have I seen such a complete failure of corporate controls,’ says the new CEO of FTX.

Cryptocurrency venture Multicoin Capital has written a letter to its investors about further fall in the business before it could recover.

In the upcoming weeks, the company anticipates that the FTX pandemic will “wipe out” several trading firms, according to a report by CNBC.

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