Crypto

Short Seller Jim Chanos Warns Crypto Crackdown Is Coming Now

A regulatory crackdown on individuals and businesses associated with the crypto space is underway following a sell-off that wiped out more than 2 trillion dollars on the total market value, warned the famous short seller Jim Chanos.

“You are now going to get a legal outcry to regulate the system and bring these guys to justice,” said Chanos, the founder of hedge fund firm Chanos & Co. The warning comes on the day Sam Bankman-Fried, founder and CEO of leading crypto exchange FTX.com, company suggested could be heading for bankruptcy except injection of fresh capital.

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