-
ECB chief Lagarde admits her son lost crypto cash
No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost “almost all” of his investments in crypto assets, despite copious warnings. Lagarde has long railed against cryptocurrencies, calling them speculative, worthless and a tool often used by criminals for illicit activity. “He ignored me royally, which is his privilege,” Lagarde told a town hall with students in Frankfurt. “And he lost almost all the money that he had invested.” “It wasn’t a lot but he lost it all, he lost about 60% of it,” Lagarde added. “So ... (full story)