Bernstein says the centralized finance part of the crypto industry is most exposed to the collapse of FTX_Official and Alameda Research, not the entire ecosystem. Reporting by willcanny99. BernsteinBuzz BernsteinGautam
“FTX feels closer to Enron than Lehman,” the report said. FTX was the third largest exchange with only a 10% market share, but the “noise it has created has been disproportionately more,” perhaps because of the profile of its founder Sam Bankman-Fried, who was hailed as the “genius industry savior.
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