Will Ripple end up sharing the same fate as FTX, BlockFi?
Earlier today, New Jersey-based BlockFi announced to the community that it would be “limiting platform activity.” In a recent letter that was shared on Twitter, BlockFi noted it was “shocked and dismayed” by the collapse of FTX and Alameda. Citing the lack of clarity on the situation, BlockFi told that it was not able to operate business as usual. At the time of Three Arrows Capital’s collapse mid-year, FTX acquired the financially troubled BlockFi. Back then, FTX appeared as a saving grace for BlockFi. However now, it looks like the downfall of the exchange might prove to be fatal to others associated with it like BlockFi. Read More: BlockFi pauses withdrawals amidst FTX collapse With a company as big and noteworthy as FTX now on the verge of collapse, several question marks with respect to the sustainability of other companies and projects are being raised. Opining on the same, Ripple’s CTO David Schwartz recently said on Twitter, ...