FTX Is ‘Lehman Shock,’ bitFlyer’s Co-Founder Kano Says
This article is for subscribers only.
The meltdown of Sam Bankman-Fried’s digital assets empire FTX is a “Lehman Shock” to the industry, potentially causing more crypto firms to fail, said the co-founder of major Japanese crypto exchange bitFlyer Inc.
“It’s a huge impact,” Yuzo Kano said in an interview with Shery Ahn and Haidi Stroud-Watts on Bloomberg Television at the New Economy Forum, adding that the turmoil may push other firms into bankruptcy. “It may actually continue a little bit.”