FTX will be the last giant to fall this cycle: Hedge fund co-founder
Cointelegraph
Published Nov 17, 2022 06:55PM ET
Updated Nov 17, 2022 10:40PM ET
While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange's fall from grace should be the last catastrophic event — at least in this market cycle.
CK Zheng, the former head of valuation risk at Credit Suisse and now co-founder of crypto hedge fund ZX Squared Capital said that FTX’s fall was part of a “deleveraging process” that began after the COVID-19 pandemic and further accelerated after the fall of Terra Luna Classic (LUNC), formerly Terra (LUNA).
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Written By: Cointelegraph
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