What's Next for FTX, Josh?

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Anyone who had money on the FTX exchange on Tuesday afternoon has that money now stuck. What's next for FTX, Josh? That is the $32 billion question. It's the last fundraising round and the fate of the company still hangs in the balance. There's also a concern about a contagion effect in the broader cryptocurrency market.

US stocks roared ahead on Thursday in their strongest day in more than two and a half years, and FTX's founder apologizes for the cryptoexchange's collapse. Plus, how a breakaway firm from PwC is testing western sanctions against Russia.

Mentioned in this podcast:

US stocks surge on lower than expected inflation data

Sam Bankman-Fried apologises for FTX crisis

Accountants in Cyprus break from PwC to retain Russia-linked clients

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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