Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Will Daniel

Top economist Mohamed El-Erian says crypto is a canary in the coal mine for an era of ‘irresponsible risk taking’—and the fallout could lead to ‘financial accidents’

Mohamed El-Erian speaks during Bloomberg's fourth-annual Year Ahead Summit in New York, U.S., on Tuesday, Oct. 25, 2016. (Credit: Michael Nagle—Bloomberg)

Crypto investors have collectively lost $2 trillion since November of last year, and the list of casualties in the ongoing Crypto Winter continues to grow. 

The downturn was only compounded by the collapse of the world’s second largest crypto exchange, FTX, which went bust last month, leading to accusations that its former CEO was running a “Ponzi scheme”—which he has denied.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.