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Multicoin expects FTX contagion to grip crypto industry for weeks

Multicoin Capital, a crypto venture firm, has told investors that the collapse of FTX and the price drop across the industry has pushed the fund down 55 per cent this month, and that worse is on the way before the market recovers.Multicoin said .

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This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?

The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry.

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Crypto Firm Multicoin Expects Contagion From FTX to Wipe Out Many Trading Firms in Coming Weeks

Multicoin Capital, one of the top crypto venture firms, told investors in a letter on Thursday that FTX’s collapse will bring more industry pain.

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Multicoin Expects FTX Contagion Dangers For Weeks To Come

In a letter to its investors, Multcoin Capital laid out its thesis for the coming weeks following the FTX fiasco.

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'More Pain Ahead': Multicoin Says Crypto Market Won't Turn Around Anytime Soon

Multicoin Capital has "had too many assets on FTX" and foresees many trading firms to be "wiped out and shut down."

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