The impact of the FTX crash is not just limited to the investors who invested in these companies. It is also set to affect the crypto industry, the regulations industry, the philanthropist entities, and a shift of money into government-backed treasury bills. This is also set to trigger more crashes in share prices of other related companies (just like it happens in a recession) and reduce trust in 'experts'.
Akshata Kamath is a content writer for DailyO, an Indian news platform. She covers a wide range of topics, including finance, technology, entertainment, and social issues. With a keen interest in providing informative and engaging content, Akshata aims to keep readers well-informed about the latest happenings in India and around the world.