The Downfall of FTX: Could It Signal a Long Crypto Winter?
WSJ Tech News Briefing - A podcast by The Wall Street Journal
Crypto exchange FTX and its founder Sam Bankman-Fried were some of the crypto industry’s brightest stars. But that changed this week when FTX faced a liquidity crisis and froze customer withdrawals. Now regulators and investors are raising questions about financial practices at FTX and a sister firm, Alameda Research. WSJ crypto reporter Vicky Ge Huang joins host Zoe Thomas to explain what happened and what it could mean for the wider market. Learn more about your ad choices. Visit megaphone.fm/adchoices