Plain English cover image

Past banking crises hold lessons for crypto | Learn English phrase 'sour on'

Plain English

00:00

Cryptocurrency: A Liquidity Crisis or Solvency Crisis?

FTX, a popular crypto exchange, had a solvency crisis and lost $8 billion of customer money. Poof, and its collapse has precipitated a liquidity crisis at other exchanges. The irresponsibility of FTX is affecting even the crypto exchanges that acted responsibly. Customers around the world are souring on the whole crypto project. We'll talk about next Monday, what happened at FTX, the largest crypto exchange to collapse,. Its 30-year-old founder is facing over 100 years in prison.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app