Here’s Why FTX Collapsed — And Why It Matters -The Mehdi Hasan Show

FTX, a $32 billion cryptocurrency company that was supposed to change the world, evaporated seemingly overnight in a “liquidity crisis.” In other words, all the money's gone. The New Republic’s Jacob Silverman, along with actor and crypto skeptic Ben McKenzie, join Mehdi to discuss FTX’s downfall.

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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