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2min chapter
FTX and the Serengeti of bankruptcy
Planet Money
Financial turmoil at FTX and the impact on customers
The chapter covers the allegations of FTX's founder using customer deposits for risky investments, resulting in billions missing from the company's books. Customers are distressed with halted withdrawals and the company declaring bankruptcy, leaving many facing the potential loss of substantial funds.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode