香港專業人仕 Weekly Happy Hour Drinks at Central (會計/法律/金融/工程/科研)
香港專業人仕 Weekly Happy Hour Drinks at Central (會計/法律/金融/工程/科研)
Tue, Feb 7, 6:30 PM
Boomerang & Gram the gourmet • 55 D'Aguilar Street, Central, HKI
Free
Actions Panel
Centralised Governance: How FTX's collapse affects the crypto industry
The collapse of centralised exchange FTX has undoubtedly hurt investor confidence. What does this mean for the crypto industry?
When and where
Date and time
Location
Salon Number 10 10 Arbuthnot Road Hong Kong, HKI Hong Kong
Map and directions
How to get there
About this event
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented".
Those are strong words from John Ray III, an insolvency professional who oversaw the liquidation of Enron. Since Sam Bankman-Fried stepped down as the CEO of FTX, John Ray III has taken over as the crypto exchange filed for bankruptcy in US federal court.
The collapse of centralised exchange FTX has undoubtedly hurt investor confidence. What does this mean for the regulation of cryptocurrencies and related businesses around the world?
Recommended material to read prior to joining the meeting:
1. The ‘end of crypto’? Not so fast https://fortune.com/crypto/2022/11/22/the-end-of-crypto-not-so-fast/
2. New FTX chief says crypto group’s lack of control worse than Enron https://www.ft.com/content/7e81ed85-8849-4070-a4e4-450195df08d7
3. Singapore Temasek's Statement on FTX https://www.temasek.com.sg/en/news-and-resources/news-room/statements/2022/statement-FTX
4. Binance Launches $1 Billion Raise for Crypto 'Recovery Fund' https://decrypt.co/115485/binance-eyes-1-billion-raise-crypto-recovery-fund-could-buy-ftx-assets
5. FTX’s collapse could change crypto industry governance standards for good https://cointelegraph.com/news/ftx-s-collapse-could-change-crypto-industry-governance-standards-for-good
Date: Nov 30th, Wed
Time: 19:00-21:00
Place: Salon 10 (Arbuthnot Rd., 10)
It's FREE to attend, but we buy a drink as a courtesy to the venue.
* A photo of a valid negative Rapid Antigen Test result taken within 48 hours is required for the entry to the venue. Your name, the date and time of the RAT test should be written.
The Economic Club is a community of intellectually curious people in Hong Kong. The events are organised by a group of volunteers.