AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Is Cryptocurrency Dead? Will the FTX Fallout Kill Crypto?
Money For the Rest of Us
Is FTX Worthless?
FTX founder Sam Mankman-Free said he planned to run his firm with little oversight and that investors should just support him. Save FTX invested $500 million in FTX as early as 2022. Valued the company $32 billion. Now it's essentially worthless. Don't keep cryptocurrency on an exchange if it's a meaningful amount of money because you're completely unprotected if the brokerage goes bankrupt.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode