The Story of FTX

Haley Sacks, otherwise known as Mrs. Dow Jones, explains it to you in an Instagram reel. The founder Sam was taking money out of his crypto exchange FTX and funneling it into his hedge fund Alameda. In 72 hours, there were $6 billion worth of withdrawals on FTX. This is why I always say to put 5% of your portfolio max into crypto. It's super risky.