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Cryptocurrencies: 30305
Markets: 109929
Market Cap: $2,677,469,804,241     
24h Vol: $65,943,312,462
CryptoGlobe 2022-11-20 17:58:55

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers
Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange FTX is comparable to the Enron scandal of the early 2000’s. Speaking in an interview with Bloomberg, Summers argued that while many were comparing FTX’s bankruptcy to that of banking giant
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