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After FTX Collapse, Bank of England Warns of Bigger ‘Crypto Shock’ in Future

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After FTX Collapse, Bank of England Warns of Bigger ‘Crypto Shock’ in Future
The logo of FTX at the entrance of the FTX Arena in Miami on Nov. 12, 2022. Marco Bello/Reuters
Chris Summers
Updated:
The deputy governor of the Bank of England has warned of the need to regulate cryptocurrency following the collapse of the FTX exchange.
FTX filed for bankruptcy protection on Nov. 11 as CEO and founder Sam Bankman-Fried resigned.
Chris Summers
Chris Summers
Author
Chris Summers is a UK-based journalist covering a wide range of national stories, with a particular interest in crime, policing and the law.
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