December 2, 2022

FTX: contained in the crypto change that ‘by chance’ misplaced

FTX inside the crypto exchange that ‘accidentally lost

FTX inside the crypto exchange that ‘accidentally lost

It was all an $8bn accident. Or so says Sam Bankman-Fried.

As FTX, the crypto enterprise led by the 30-year-old, rapidly collapsed on the finish of final week, a lot of its staff fled the Bahamas, the Caribbean nation the place the corporate was primarily based. Some merely deserted their vehicles on the airport.

Inside the house of some days, FTX had gone from being the vanguard of a brand new crypto financial system, with a valuation of $32bn and celebrated by celebrities and politicians, to a humiliating chapter.

As…

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