cryptonews: According to a new report, the fallout from the collapse of the world's second-largest exchange had the potential to be much, much worse. 🧐
Had such ambitions been realized, there would have been an acute danger of substantial pension pots being wiped out overnight — meaning hard-working savers could have seen their dreams of retirement disappear before their eyes.
"It's quite clear that FTX relied on continuous flows of new capital entering the platform, much like many other financial schemes, and marketing to retail was the most expedient way to attract those flows." Fidelity Investments announced that it was giving employers the ability to include Bitcoin as an offering in 401 retirement plans, meaning workers would be able to allocate up to 20% of their portfolio to the world's biggest cryptocurrency.
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