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MobileCoin: The project that doomed FTX a year before Terra Luna

MobileCoin: The project that doomed FTX a year before Terra Luna

Despite erroneous reports about Terra LUNA bankrupting FTX, it might have actually been an incredibly disastrous trade in MobileCoin.

Cryptocurrency news by Protos · Protos

February 15, 202310m 32s

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Show Notes

The turmoil that hit digital assets markets last year plunged several prominent exchanges and hedge funds into bankruptcy. Among the most high-profile was the collapse of the gargantuan, once-$29 billion Terra LUNA ecosystem which, many will say, was the first domino that eventually destroyed Sam Bankman-Fried’s FTX. However, this would be a misunderstanding of causality. In actual fact, it started with MobileCoin (MOB).

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