UK Business

FTX contagion will be ugly within crypto, but probably less damaging to the wider world

Written by Larisa Yarovaya, Deputy Head of the Centre for Digital Finance, Associate Professor in Finance, University of Southampton

Former FTX billionaire Sam Bankman-FriedDan Matt, CC BY-SA

Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa...

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