One of the SPAC industry’s most well-known sponsors has seen deals worth $10.6 billion go up in smoke in less than an hour.
Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021, the economist Nouriel Roubini says.
Messy implosion of FTX is spilling over. Orthogonal Trading said in a tweet on Tuesday that it had been “severely impacted by the collapse of FTX."
The founder of the bankrupt cryptocurrency exchange launched a media blitzkrieg to give his version of his downfall.