Chainalysis co-founder and CEO: FTX incident has far-reaching implications, and cryptocurrency is becoming financial infrastructure.

BlockBeats reported on September 13th that Michael Gronager, co-founder and CEO of Chainalysis, spoke at the "Navigating Blockchain and Web3 Data" roundtable discussion at Token2049 in Singapore. He stated, "The FTX incident caused a lot of damage. No one in the cryptocurrency field can cry because people elsewhere in the world are much more difficult. So I think this is a very important lesson. But many institutional participants feel fearful and embarrassed because of their interaction with FTX." He further emphasized that cryptocurrency is no longer just about cryptocurrencies themselves, but has transformed into infrastructure that enhances other financial sectors to obtain better interest rates. He stated that 75% of banking transactions are conducted through blockchain in the form of stablecoins for national currency exchange.