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A regulatory crackdown on individuals and companies associated with the crypto space is on its way following a sell-off that has wiped more than $2 trillion dollars off the market’s total value, famed short seller Jim Chanos has warned.
“You’re going to get a judicial outcry now to regulate the system and bring these guys to justice,” Chanos, the founder of hedge fund firm Chanos & Co. said. The warning comes on the day that Sam Bankman-Fried, the founder and CEO of major crypto exchange FTX.com, suggested the company could be heading for bankruptcy barring an injection of fresh capital.
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