Binance has a plan to save crypto—if it’s not too late

Enlargeda kuk/Getty Images

Few were prepared for the dramatic collapse of crypto exchange FTX on November 11. The incident has left hundreds of thousands of customers without access to their funds, and the ripple effects have wiped billions of dollars from the market, as well as casting doubt over the integrity of other crypto companies.

FTX was so deeply embedded in the cryptosphere that many firms (including crypto lenders Genesis and BlockFi) have spent the last week hurriedly calculating their own financial exposure to the collapse, in fear they may be dragged down in the swell. Others, however, have sensed

→ Continue reading at Ars Technica

Related articles


Share article

Latest articles