Cryptocrisis without Contagion | The paper

The effects of Ftx platform collapse they will spread in the cryptocurrency world, but not in the traditional financial markets and on the global economy. In practice, there will not be a new Lehman Brothers (comparison too often evoked inappropriately) and if there really is a chain contagion such as that generated by the former American investment bank, it will remain limited to the ecosystem of digital currencies. This is what, in summary, says an analysis by S&P, which is confirmed by the ordinary volatility that characterized yesterday’s session of the financial markets after the 8 billion bankruptcy of one of the main trading systems emerged at the turn of the weekend in the world founded by Sam Bankman-Fried, the Californian child prodigy friend of the Democrats.