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Will $11b Crypto Exchange Failure Send Flight Capital Back
To Real Estate?
Will the huge multi-billion dollar failure of FTX, and the new lawsuit against its founder and the celebrities that promoted it finally be the wake up call that sends investors back to investing intelligently?
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The Day Crypto Went Broke
A recent run on deposits left cryptocurrency exchange FTX with an $8B shortfall, leaving a million of its investors owed money.
A new $11B class action lawsuit has been filed, naming not only the company’s founder Sam Friedman, but Shaq, Tom Brady, and Gisele Bundchen, among others who promoted it.
In turn, bitcoin prices took another dive, while more calls for regulation could cause even more mayhem in this space.
