Contagion of a Ponzi Scheme

Crossville TN

Description

After FTX was hit with $7.5 billion in investor withdrawals from Nov. 2 to Nov. 8, the balances of other centralized exchanges dropped by $20.7 billion from $123.6 billion on Nov. 2 to $102.8 billion on Nov. 13, CoinGecko found. That resulted in a decline of about 16.8% in the balances of the six largest cryptocurrencies, per CoinGecko's analysis. Bernie Madoff would be proud! Larry Fink the CEO of Blackrock (formerly CEO of Lehman Brothers 2008 housing crash) loves crypto currency. What could possibly go wrong? He has invested government pension plans for 100 countries around the world. UK pension funds in Russia, that was "crucial" to fund the Ukraine war. Let that sink in how dangerous Larry Fink is!