FTX Meltdown Is Crypto Industry's Version of Enron Implosion, According to Former US Treasury Secretary.
16 Nov 2022, 08:00
FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary
Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the Enron scandal.
In a new interview with Bloomberg, the famous American economist says that FTX’s implosion is probably less about the complexities of crypto regulations and more about “some very basic financial principles that go back to financial scandals that took place in ancient Rome.”