The crypto industry could face more black swan events, according to the head of SwyftxAU
, Swyftx CEO Alex Harper recently warned his company’s employees that the cryptocurrency industry was likely to experience more black swan-type events.
As reported by U.Today, Swyftx, one of the main Australian exchanges, announced its most recent string of layoffs. The company fired 90 employees, which represented 35% of its entire workforce.Ads Following the sudden implosion of FTX and the downfall of its charismatic founder Sam Bankman-Fried, the cryptocurrency industry has plunged into a deep crisis. , Binance CEO Changpeng Zhao recently warned that the cryptocurrency could face a 2008-style meltdown. Zhao believes that the exchange’s collapse could potentially trigger a domino effect. .
Even before the collapse of FTX,"Black Swan" author Nassim Nicholas Taleb predicted that the cryptocurrency industry would experience a
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