BlackRock CEO Says FTX’s Token Caused Its Collapse, But The Technology Is Still Cutting Edge

Asset management company BlackRock Inc.’s (NYSE: BLK) CEO Larry Fink asserted that FTX’s collapse was caused by the creation of its own centralized (CRYPTO: FTT) token, which went against the “whole foundation of what crypto is.” The $8 billion investment firm’s chairman and CEO made the comments on Nov. 30 at the 2022 DealBook Summit hosted by the New York Times.