FTX collapse pushes VCs to rethink oversight of crypto startups

wsj

5 min read . Updated: 17 Nov 2022, 05:27 PM IST Yuliya Chernova, The Wall Street Journal

The bankruptcy of FTX, one of the highest-valued startups in the cryptocurrency market, is bringing new attention to the corporate governance of these blockchain companies (Photo: Reuters) — The bankruptcy of FTX, one of the highest-valued startups in the cryptocurrency market, is bringing new attention to the corporate governance of these blockchain companies (Photo: Reuters)

Many blockchain entrepreneurs believe in decentralization and resist traditional governance, but investors say ‘that ethos will be heavily challenged’

The bankruptcy of FTX, one of the highest-valued startups in the cryptocurrency market, is bringing new attention to the corporate governance of these blockchain companies. But venture investors say cultural norms in the crypto market and other obstacles will make oversight difficult to implement.