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Monday, 14 November 2022

How FTX Went Bankrupt - What Went Wrong


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