What Happened To FTX? The Collapse Of The $32bn Crypto Exchange. What Happened To FTX? What Happened To Sam Bankman-Fried? How did FTX collapse? What is the story of FTX? What is FTX? How Did FTX Fall? In this video, we explore the collapse of FTX, the crypto exchange that collapsed from a $32bn valuation to 0 after issues with liquidity and fights with Binance. Sam Bankman-Fried, the founder of collapsed Crypto Exchange FTX, saw his net worth drop from $16bn to 0 after the collapse of FTX. FTX was one of the most exciting startups in crypto, founded in 2019 and rocketed to unicorn status, seeing investment from massive organisations. But What happened to ftx? how did ftx fail so quickly, what is the FTX token FTT and what is FTX Crypto? There was a liquidity crunch in November 2022 after Binance, a major FTX competitor sold their shares in FTT which saw a run on the bank and $6 billion in withdrawals in 2 days. Sam Bankman-Fried, the FTX failed founder is still in the bahamas as a free man, for now!
Vox Texts: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
Dealbook Summit Interview: https://www.youtube.com/watch?v=IyoGdwVIwWw
DISCLAIMER: Since the time of recording, 29th November, there has been additional information that has come out which may not be included in this video. In the week that followed our audio recording, more and more information has come to light about FTX. Therefore, we may have missed some parts of this story, a story which is constantly evolving. Check the links in our bio for further reading/videos. Thanks for your support as always!
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