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 explores the challenging conditions and decisions that led to a company’s downturn.

FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever: https://youtu.be/kCM-agH1aGM

#WSJ #FTX #crypto

techy,ftx,bankruptcy,crypto,cryptocurrency,bitcoin,ethereum,ftx bankruptcy,ftx downfall,the downfall of ftx,the fall of ftx,ftx explained,explained,the fall of ftx explained,ftx explain,what is ftx,what happened to ftx,ftx?,wsj,the wall street journal,ftx controversy,controversy,controversial,ftx collapse,the collapse of ftx,ftx scandal explained