Mark Yusko, director of investment firm Morgan Creek, said the repercussions of the FTX bankruptcy may not be over yet, and other threats to the market are GBTC and Tether (USDT).
Mark Yusko 30 November In an interview published on , the repercussions of the FTX bankruptcy may not have ended stated. For the FTX bankruptcy, the company was a bad hurricane for the industry and ex-CEO Sam Bankman-Fried was in the middle of this hurricane. bad man Yusko said that bad guys and bad moves. that it doesn’t affect the game itself underlined. Suggesting that the declines may continue, the analyst said, Liquidation of Grayscale’s GBTC shares and Tether’s stated that there are other points that pose a danger to the sector. Yusko, The fact that Tether, like FTX, is based in the Bahamas He said it worried him.
Stating that the liquidation of Grayscale’s GBTC shares will have bad consequences for the crypto money industry in the short term, Yusko said, From FTX and Genesis He claimed that there was a deficit of approximately 1 billion dollars in the balance sheet of the company due to this. Grayscale and Genesis parent company of the Digital Currency Group (DCG) CEO by Barry Silbert desperately seeking funding was also among the issues Yusko focused on.
Another actor that poses a threat to the analyst sector. Tether (USDT) claimed it was. Tether is like FTX a Bahamas-based Stating that it is a company, Yusko underlined that this situation made him nervous. Yusko says that in case something goes wrong with Tether too will negatively impact the crypto community reported.