Why the ‘worse than Enron’ FTX meltdown will not spread contagion beyond cryptos

Why the ‘worse than Enron’ FTX meltdown will not spread contagion beyond cryptos
Financial markets are heaving a sigh of relief, as the FTX collapse so far is not spreading to other markets
AJAY BAGGA NOVEMBER 23, 2022 / 09:03 AM IST
Why the ‘worse than Enron’ FTX meltdown will not spread contagion beyond cryptos
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Over the last 15 days, the crypto world has looked on in horror as FTX and its 130-plus complex of related crypto entities filed for bankruptcy. A few months back, FTX was in the market to raise funding at a valuation of $32 billion. FTX, as the world’s second-largest cryptocurrency exchange, was in a liquidity and asset liability mismatch crisis. Its collapse pitched the digital assets market into another crash, the second of 2022.