whether ftx has enough assets to make its remaining customers whole reported the new york times if the company files for bankruptcy protection as the crypto firms voyager digital and celsius network did this year investors could be left to fight for their money or what remains of it through the courts it saidis cryptos regulatory future in jeopardy ftx after all was one of only a handful of us crypto firms that had invested heavily in lobbying and bankmanfried was seen as a white knight who stood the best chance of persuading skeptical lawmakers of cryptos value now it appears that those efforts have stalled at best and that regulators who want to portray crypto as an outofcontrol wild west will have one more example to point towill ftxs collapse set off a broader market failure as the collapse of lehman brothers did in 2008already the news has rippled out into the rest of the crypto market bitcoin and ether prices both fell tuesday and the price of solana a cryptocurrency that ftx has supported fell about 20 shares in publicly traded crypto companies such as coinbase were down as well ftxs investors which included sequoia capital lightspeed venture partners and softbank will most likely lose most or all of their investments and given how interwoven ftx was with the rest of the crypto economy it may be a while before we know the full extent of the damagethe hope of course is that in contrast to 2008 when wall streets collapse cascaded into a global financial crisis that led to millions of americans losing their jobs and homes the fallout from ftxs collapse will stay mostly contained to the crypto industry but its still too early to tellis the worst over for the crypto rout the worst might not be over yet binance refusing to bailout ftx means they effectively have a massive hole in their balance sheet now the market has to deal with this new unknown what is the size of the hole that sbf and ftx have dug themselves into said rajagopal menon vice president wazirxthis is also a worrying development for the industry already in the middle of a bear market the general feeling was that we had hit bottom and the only way was up things could get a lot worse in terms of volatility before they get better in the long run there will be a push for more transparency in the form of proof of reserves added menonwill this impact indian investors ftt crash can start a snowball effect in liquidations as the lenders to ftx could also go down a lot of retail investors might go inactive for a while due to the current volatility in the market on the other hand institutional investors might like to capitalize on discounted assets at the moment and hedge their investments said amanjot malhotra country head india bitay he thinks retail investors might like to convert their alts into