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Crypto's most urgent question: Where will FTX's aftershock be felt?

From blue-chip venture investors to celebrity endorsements, from Silicon Valley to Washington, from lenders to yield farmers and market makers, the three-year-old firm cut a wide swath through online

Photo: Bloomberg
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Samuel Bankman-Fried. Photo: Bloomberg

Carly Wanna | Bloomberg
The bankruptcy of Sam Bankman-Fried’s FTX.com put an end to questions about its survival and opened a panoply of new ones, most urgently: how far will the influence of its collapse reach?
 
Overstating FTX’s heft in the cryptosphere is difficult. From blue-chip venture investors to celebrity endorsements, from Silicon Valley to Washington, from lenders to yield farmers and market makers, the three-year-old firm cut a wide swath through online commerce. Getting a handle on the repercussions of its demise is apt to take months.

“The big fear right now, that indeed seems to be materializing, is a contagion effect,” said Greg