Demystifying the wild world of crypto | Laura Shin
TED Tech
00:00
What Happened With FTX?
The CEO of Alameda, Caroline Ellison. tweeted at him, I'll happily buy it all from you at $22. It was trading at like 24 25. All the traders in the world immediately were like, what's important about $22? So they are all now trying to see if they can get the price below $22. And this is why you might have often heard the term bank run when it comes to what happened with FTX.
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