Both YFI and FTM plummeted by double digits immediately following the announcement.
Decrypt Media is an independent media brand delivering essential journalism, education and analysis for the adoption of blockchain.
You can learn more about our mission on our Manifesto page.
We are a newsroom of professional journalists operating in a decentralized culture with the desire to bring transparency and accountability to the space.
We also want to provide a platform for "good actors" who are pioneering best business practices and seek positive social impact.
Though we are funded by the Brooklyn, NY-based incubator ConsenSys, we are both editorially independent and technologically agnostic - we exist to make complex technology intelligible to all.