FTX CZ was founded by Sam Bankman Fried, who later bought out Binance's stake in the company. Both founders never publicly admitted why they parted ways. But reports at the time indicated that Sam may have feared regulatory action which likely propelled him to part ways with the company. And despite the rumors, it was still an amicable separation.
In today's episode for 10th November 2022, we offer an oversimplified explanation of how the second-largest crypto exchange platform almost went bust.