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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