Markets Insider, Released on 11/9/22
"First FTX bails out collapsing crypto Ponzi scams. Now FTX is collapsing & being bailed out by Binance," Roubini said in a Tuesday tweet.
"But who will bail out Binance when that crappy house of cards collapses? Crypto is Mother Of All Ponzi Schemes!" he added.
'Dr Doom' economist Nouriel Roubini suggests FTX's rescue deal shows how crypto is a Ponzi scheme added by Herman James on 11/11/2022View all posts by Herman James ?+'