Prof. Eswar Prasad from Cornell University drew attention to the risks of the crypto market in his article published in the New York Times. 🧐

- Despite Bitcoin breaking records and gaining political support, Prasad stated that risks for investors and financial institutions have increased.

- SEC's lax regulations make it easier for uninformed investors to enter the market.

- FTX's collapse and Binance's legal problems reveal the dangers of centralized powers. ⚠️

Be careful in the crypto world! 🚨