On the most basic level, FTX fell prey to the equivalent of a bank run—its customers lost confidence in it, and got worried about the security of their assets, andraced to withdraw them. This was obviously very bad for FTX’s business, since the value of the company depends on people ...
of the community that believes crypto should stand for decentralization, the merging of two of the world’s largest exchanges will also be cause for concern. decentralization is all about the even distribution of power and eliminating single points of failure, but the fall of ftx supports neither...
The rise and fall of FTX and Sam Bankman-Fried: The 30-year-old who built a $30 billion empire—then burned it down in 48 hours The demise of the founder, who was seen as a benevolent and stabilizing force in crypto, has left his supporters and enemies with unanswered questions. BY...
In the wake of FTX, some in the crypto community pointed to DeFi as the answer. In DeFi, market participants maintain custody of their own crypto assets and transact using protocols — a set of code, standards and processes. This happens without the overt participation of centralised intermediar...
in these remarks are those of the speaker in his role as FSB Chair and do not necessarily reflect those of an example, some of crypto’s inherent financial vulnerabilities became painfully apparent during the crypto-winter of 2022 and 2023. Think only of the spectacular rise and fall of FTX...
Dogs Reflect China’s Rise 26:27 外刊精读78期:硅谷币圈史诗级暴雷 The spectacular fall of FTX and Sam Bankman-Fried 23:10 外刊精读79期:我在加沙做人质 26:59 外刊精读80期:钱德勒的笑只是他穿的保护色 Friends brought fame but couldn't quell personal demons 29:35 外刊精读81期:自由美利坚,为何...
外刊精读78期:硅谷币圈史诗级暴雷 The spectacular fall of FTX and Sam Bankman-Fried 23:10 外刊精读79期:我在加沙做人质 26:59 外刊精读80期:钱德勒的笑只是他穿的保护色 Friends brought fame but couldn't quell personal demons 29:35 外刊精读81期:自由美利坚,为何枪击每一天?(上) America’s un...
Caitlin Long, by the way, predicted the fall of FTX way back in 2018, but she’s not a prophet, she an objective thinker who understands money better than the rest of us. Ya really gotta hear this woman explain things! Wow. There are many people who just naturally tend to see the ...
The swift demise of cryptocurrency exchange FTX in 2022 had damaging domino effects on the cryptocurrency industry, stoking widespread mistrust among the public and toppling cryptocurrency services that did business with it. At the time, FTX was the third-largest crypto exchange, widely regarded as o...
Yes—though there are currently moredocumentariesthan movies. Check out "Crypto" (2019), a crime thriller about money laundering involving crypto. And stay tuned for upcoming FTX projects, starting withone based on the upcoming bookon Sam Blankman-Fried by Michael Lewis (author of "The Big Sho...