November 10, 2022

How Crypto Giant FTX Suddenly Imploded

by The Journal.

Background show artwork for The Journal.

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 


Where to Listen