„Пазете се“ од инвестирање во крипто или ризик да заврши во стечаен суд, предупредува претседателот на ДИК

Горна линија

The head of the Securities and Exchange Commission cautioned Americans about the risks of investing in the lightly regulated cryptocurrency industry Thursday, a dire warning as one of the largest crypto exchanges FTX goes up in flames.

Клучни факти

When you give a crypto exchange your holdings “and they go down, you’re going to just stand in line at a bankruptcy court,” SEC Chairman Gary Gensler told CNBC’s Squawk Box Thursday morning.

Gensler declined to name specific exchanges, but his urging comes just days after FTX collapsed as it proved unable to meet billions of dollars in withdrawal requests.

The bankruptcy court reference is a grim allusion to the fact that FTX users are not guaranteed to ever see their holdings again: Crypto exchanges are not regulated as institutions like FDIC-insured banks are and consumers are not assured their holdings.

After rival exchange Binance се повлече from its bailout agreement of FTX, it’s unclear how individuals may ever see their money again save legal action, as alluded to by Gensler.

The SEC, Department of Justice and Commodity Futures Trading Commission are each investigating how FTX managed consumer funds before the liquidity crisis, according to повеќе места.

Главна позадина

FTX’s fall from grace happened in a matter of days, with the exchange experiencing a run of withdrawals early this week after Binance CEO Changpeng Zhao expressed concerns about insolvency concerns at his rival. Binance entered an agreement to acquire FTX on Tuesday before кауција a day later, explaining the liquidity “issues are beyond our control or ability to help.” The one-time industry titan FTX dragged down the rest of the crypto market with it, sending the largest coins, bitcoin and ether, down 18% and 21% this week, respectively, while Coinbase shares tanked 23%.

Клучен цитат

When reached via text by Форбс about him dropping from our list of billionaires, Bankman-Fried понуди his first public comment since the Binance deal went haywire: “Hey, not totally clear but certainly can’t confidently dispute, will update later if new info comes out…”

Главен критичар

“It’s unbelievably frustrating that we basically have a situation that looks like Theranos,” Galaxy Digital CEO Michael Novogratz изјави CNBC Thursday, referring to the infamous multi-billion dollar biotechnology firm founded by Elizabeth Holmes that was later revealed to be fraudulent. Novogratz’s firm held $ 77 милиони in assets at FTX, money the investor said he’s unsure he’ll ever see again.

Дополнителни информации

Binance ослободува за стекнување FTX - еве што доведе до крах на FTX Crypto (Форбс)