How Crypto Giant FTX Suddenly Imploded
Nov 10, 2022•20 min•Transcript available on Metacast Episode description
Once a leader in the world of cryptocurrency, Sam Bankman-Fried’s crypto exchange FTX is scrambling for funds. It’s now facing a shortfall of $8 billion after Binance walked away from a rescue attempt. WSJ’s Caitlin Ostroff on what this means for the crypto ecosystem.
Further Reading:
-Tensions Between Crypto Giants FTX, Binance Spill Into Public View
-Binance’s Deal for Rival FTX Marks Power Shift Amid Crypto Turmoil
-The 30-Year-Old Spending $1 Billion to Save Crypto
Further Listening:
-The Rise of Binance - And The Effort to Reel it In
-The ‘Death Spiral’ of a Stablecoin
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