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Ken Griffin on FTX: 'One of the absolute travesties' for financial markets
How smart money got FTX wrong
Cleo Capital managing director Sarah Kunst and Threadneedle Ventures founder Ann Berry react to the FTX meltdown on ‘Making Money.’
Billionaire investor Ken Griffin, the founder and CEO of multinational hedge fund Citadel, warned that the collapse of cryptocurrency exchange FTX could weaken confidence in financial markets at large and hurt the ability of younger investors to save for retirement.
"FTX is one of these absolute travesties in the history of financial markets," Griffin said in remarks at the Bloomberg New Economy Forum in Singapore. "People are going to lose billions of dollars, and that undermines trust in all financial markets," he added.
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