Plus: Pipe on the hunt for a new CEO.
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FTX fallout could set back investment in Canadian crypto companies for years, experts say (BETAKIT)
“This has likely set crypto back at least three years,” said Koleya Karringten, executive director of the Canadian Blockchain Consortium. “Institutional investors are going to have a very difficult time being willing to explore the industry. They won’t view this as an isolated incident…Everyone [will get] painted with the same brush.”
Meanwhile, Balance CEO George Bordianu said there should be “consequences” for investors who participated in FTX rounds.
