Bitcoin (BTC) $61,791.95 -1.48%
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Tether (USDT) $1.00 -0.01%
Solana (SOL) 147.264544 -1.53%
Cardano (ADA) $0.35 -4.11%
Chainlink (LINK) $10.94 -4.29%
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Helium (HNT) 7.480663 -4.26%
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Cryptocurrencies: 23121

Markets: 85111

Market Cap: $2,159,057,016,560

24h Vol: $109,230,406,665

Bitcoin.com

2022-11-16 03:30:16

Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure

Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure

A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount of time.” He added that the crypto industry seems to have “no significant lender of last resort.” Citi’s Analyst Warns of

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