This conversation between Hirander Misra, our Chairman & CEO, and George Aliferis, The Fintech Files host, explores the risks of crypto exchanges, the conflict of interests, and operational failures that abound in crypto. This episode was recorded in August 2022, before the collapse of FTX, but somehow they discuss everything that went wrong with #FTX.
Hirander and George dive into the collapse of CeFi lenders like Celsius but the warnings, general principles and solutions that Hirander offers are still relevant today and could be applied to the FTX situation. Rather than giving up on crypto, Hirander suggests we move towards a new model of hybrid finance that combines the new technology with the established financial system.
