{"id":150479,"date":"2022-11-18T14:25:33","date_gmt":"2022-11-18T20:25:33","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/11\/the-worst-is-yet-to-come-ftx-pandemic-could-wipe-out-several-crypto-companies"},"modified":"2022-11-18T14:25:33","modified_gmt":"2022-11-18T20:25:33","slug":"the-worst-is-yet-to-come-ftx-pandemic-could-wipe-out-several-crypto-companies","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/11\/the-worst-is-yet-to-come-ftx-pandemic-could-wipe-out-several-crypto-companies","title":{"rendered":"The worst is yet to come: FTX pandemic could \u2018wipe out\u2019 several crypto companies"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/the-worst-is-yet-to-come-ftx-pandemic-could-wipe-out-several-crypto-companies2.jpg\"><\/a><\/p>\n<p>\u2018Never in my career have I seen such a complete failure of corporate controls,\u2019 says the new CEO of FTX.<\/p>\n<p>Cryptocurrency venture Multicoin Capital has written a letter to its investors about further fall in the business before it could recover.<\/p>\n<p>In the upcoming weeks, the company anticipates that the FTX pandemic will \u201cwipe out\u201d several trading firms, according to a report by CNBC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Never in my career have I seen such a complete failure of corporate controls,\u2019 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 \u201cwipe out\u201d [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,43,1761],"tags":[],"class_list":["post-150479","post","type-post","status-publish","format-standard","hentry","category-biotech-medical","category-business","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/150479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=150479"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/150479\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=150479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=150479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=150479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}