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FTX/bitcoin: contagion risk is not fully reflected in prices
Lex專欄:加密貨幣危機尚未完全反應在價格中

There are widespread and entirely rational fears that contagion is spreading across the crypto industry
人們普遍且完全理性地擔心,風險正在整個加密貨幣行業蔓延。

Following the spectacular collapse of FTX into bankruptcy last week, investors have reportedly been rushing to withdraw funds from rival exchanges. Contagion fears have focused on Crypto.com, a Singapore-based exchange. But the reaction of bitcoin, the flagship crypto, has been oddly muted.

據報道,FTX上週轟然破產後,投資者紛紛從競爭對手的交易所撤資。對危機蔓延的擔憂集中在新加坡交易所Crypto.com上。但奇怪的是,旗艦加密貨幣比特幣的反應一直很平靜。

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