bitFlyerCEO Yuzo Canoe, FTXHe stated that its collapse could create a domino effect and more bankruptcies could occur.
It is the second largest cryptocurrency exchange in the world. FTX The crash continues to shake up the crypto industry. Finally, BlockFi is struggling with liquidity issues. The turbulent processes in the cryptocurrency market caused companies to have difficult days. It was noteworthy that the exchanges also started a transparency movement about their assets. Touching on all these processes, bitFlyer CEO explained the events. in the 2008 crisisIt’s like a domino effect.
bitFlyer CEO Addresses Impact of FTX Crash
bitFlyerCEO Yuzo Canoe, FTXHe stated that the process that started with the collapse of the stock market could lead many companies to bankruptcy.
Kano described the events as a huge impact. CEO, these effects 2008in crisis Lehman ShockHe said it looked like.
The CEO of the exchange, who also touched on the regulations and inspections Canoe , underlined that his company has no agreements with FTX. Canoe, of japanHe mentioned that it strictly protects users through a double-layered surveillance.
Also, Kano said that regulations and inspections are very important.
