FTX Implosion - Another Day, Another Failed Crypto Exchange

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The Part Time Economist

Part Time Economist

54 episodes

1 day ago

I'm just a simple man trying to make my way in the universe. I am passionate about cryptocurrency and hope that I can make at least some small contribution towards promoting wider crypto adoption and understanding.

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FTX Implosion - Another Day, Another Failed Crypto Exchange

The Part Time Economist

11 minutes

3 years ago

FTX Implosion - Another Day, Another Failed Crypto Exchange

In a situation that has become far too familiar to cryptocurrency investors, the FTX cryptocurrency exchange recently filed for bankruptcy. As a result, customers have lost around $8 Billion. Although we have become accustomed to failures of cryptocurrency exchanges, FTX stands out because it was supposed to be the "good guy" of crypto. Celebrities and YouTubers alike eagerly promoted FTX, and many people saw FTX as a safe place to park their cryptocurrency. So, what went wrong, and more importantly, what does the FTX disaster mean for you and the future of crypto? #ftx #ftt #crypto