The Journal.

How Crypto Giant FTX Suddenly Imploded

Nov 10, 2022 · 21 min
0:00-21:39

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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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