BlackRock Inc Chief Executive Larry Fink said on Wednesday that the now-bankrupt FTX crypto exchange appears to have engaged in “misbehaviour,” but that the technology behind crypto is relevant for the future. “We’ll have to wait and see how this all shakes out (with FTX),” Fink said. “I mean, right now we can make all the decisions, and it appears that there were major misbehaviors.” He made the remarks at a New York Times DealBook event, adding that he believes most crypto firms “will not be around” in the future. Following its precipitous collapse, FTX filed for Chapter 11 bankruptcy protection in the United States on November 11, claiming it may owe money to about 1 million creditors.
