Letters: 2008, for crypto

By Sascha O’Sullivan [Re: FTX implosion shows urgent need for crypto rules, says Bank of England, Nov 21] The sudden interest by global regulators in response to the FTX fiasco only serves to further highlight that the events of the past few weeks might well be looked back on as our industry’s version of the Lehman collapse. Just as we saw in traditional financial markets in 2008, the so-called “crypto winter” was always likely to endanger those businesses that did not have the operating safeguards and security practices in place to manage through the market downturn. While this makes for “doo…

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