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Podcast  >  Morning Run  >  Morning Brief  >  Crypto - Has The Fat Lady Sung For FTC?

Crypto - Has The Fat Lady Sung For FTC?

Varun Mittal, Chief Growth Officer, Singlife with Aviva

11-Nov-22 08:45

Crypto - Has The Fat Lady Sung For FTC?

FTX, which was at one time the 2nd largest crypto exchange, saw its fortunes take a dive after a series of bad decisions by its owner, Sam Bankman-Fried. It looked like a white knight in the form of a rival, Binance would come and save the day but that deal is now dead in the water. Bankman-Fried told investors that the company is facing a shortfall of up to 8 billion dollars from withdrawal requests and needs emergency funding. Will all this have a contagion on the price of cryptocurrencies and broader markets and will there be a white knight that will come to FTX's rescue? For insights we speak to Varun Mittal, Chief Growth Officer, Singlife with Aviva.


Image credit: Shutterstock

Produced by: Chong Tjen San

Presented by: Wong Shou Ning, Chong Tjen San, Philip See


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Categories:  markets,  economy,  technology

Tags:  cryptocurrencies,  crypto exchange,  ftx exchange, 


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