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'Lunatic' Mike Novogratz: Crypto Industry 'Looks Like a Bunch of Idiots'

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by COINS NEWS 111 Views

tldr; Galaxy Digital CEO Mike Novogratz thinks the crypto industry looks like a "bunch of idiots" after the collapse of Terra and LUNA. He blamed Three Arrows Capital, which owed $3.5 billion to creditors, for much of the industry’s struggles. "That's greed, that's ignorance. That's ignorance," he said.

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