Jim Bianco: FTX Scandal Inflicting Lasting Damage To Cryptoverse & Financial Markets

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A seismic event just rocked the cryptocurrency universe with last week's implosion of FTX, the world's second largest crypto exchange.

Tens of $billions in client assets and market value have vaporized. And it seems mismanagement, for certain, and possibly fraud and outright theft lie at the heart of this disaster.

To help make sense of what exactly has just happened, and what repercussions the collapse of Sam Bankman-Fried's FTX will have on the crypto ecosystem and perhaps on the financial markets in general, we're fortunate to be able to turn to Jim Bianco of macro research firm Bianco Research.
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