FTX bankruptcy case — what are the potential implications for crypto adoption?

Cryptocurrency & Bitcoin Regulatory Compliance Governance, Risk & Compliance

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Director in Manufacturing2 years ago

Thus far the testimony of the FTX CEO assigned by the court says it’s basically fraud and poor business practices. The failure didn’t have much to do with Crypto at all

However most will link the fraud and crypto and be much more hesitant in the currency space

Crypto for other purposes should be fine once more people understand what FTX did

Chair and Professor, Startup CTO in Education2 years ago

I hope it’s the end of cryptocurrency. Cryptocurrency is the largest Ponzi scheme of human history.

Senior Accountant in Consumer Goods2 years ago

I Think it will be more limitation

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Director of IT in Software2 years ago

FTX is a case of a company engaging in fraud while trying to buy stake in the system.

In my view FTX is the best advertisement for true crypto ethos. Don’t trust third parties with your money, learn to hold your keys securely.

CEO in Finance (non-banking)2 years ago

There will definitely be more governance around funding for crypto currency companies. Also, looking at the impact across other fintech companies is evident. I think there are still more tailwinds to be determined.

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