DEFI(NE)

Heard on the Block: "contagion"

Tuesday, November 29, 2022 by Snacks

🤧 Like when your coworker shows up to the office with the flu…

Because crypto's so interconnected, one big incident (like a bankruptcy or hack) can act as a "contagion" spreading across the industry and getting others sick. Case in point: crypto lender BlockFi filed for bankruptcy yesterday, citing "significant exposure" to the contagion of bankrupt exchange FTX.

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