2min chapter

Odd Lots cover image

Understanding the Collapse of Sam Bankman-Fried's Crypto Empire

Odd Lots

CHAPTER

What Was Your Experience Last Week in FTX?

We basically withdrew roughly half of our capital when the first withdrawals started in FTX. Our initial assessment was exchange is going to be fine, but it might be struggling with withdrawals for some time. Once we realized that it might be that they may be closed withdrawals for a bit, maybe it's just super swamped with withdrawal requests, so it's just not great to have our capital on it. We kind of stopped doing that and decreased it.

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