ABU DHABI — Amid the aftershocks of the FTX currency exchange's bankruptcy last week, investors and economists are trying to figure out where they should point to for what Reuters called the “at least $1 billion” loss of client funds that have put into question the viability of the cryptocurrency market.
Is it the fault of the quick-to-rise crypto exchanges that offer potentially high asset gains but inadequate security? Or are regulators to blame? Is the technology that supports the crypto market flawed to begin with?
