The fall of FTX and Sam Bankman-Fried revealed holes in the crypto space that industry peers, the media, and government officials either chose to overlook or refused to question further. Underneath FTX’s successful veneer was a fragile ecosystem led by young, ambitious founders determined to move mountains under the guise of Effective Altruism - an academic and social movement … [Read more...]
The FTX Collapse, Explained | WSJ What Went Wrong
Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion. Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin What Went Wrong … [Read more...]
FTX Founder Sam Bankman-Fried on the Crypto Exchange’s Collapse | WSJ
FTX founder Sam Bankman-Fried sat down with The Wall Street Journal to discuss what happened to the billions of dollars deposited by the exchange’s customers. This interview has been edited for length. Photo: Kenny Wassus/The Wall Street Journal #WSJ #SBF #FTX sbf,sam bankman-fried,ftx,crypto,ftx collapse,cryptocurrency,ftx explained,ftx crypto,ftx bankruptcy,ftx news,crypto … [Read more...]