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ROLLUP: The SBF & FTX Aftermath | ETH Goes Ultra Sound | NEW Ethereum Roadmap | OpenSea Royalties

Bankless

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FTX's Turbulent Ascent and Fallout

This chapter explores the rise and fall of the cryptocurrency exchange FTX, detailing its connection to a prominent trading fund and the alarming financial mismanagement that ensued. It highlights the impacts of liquidity crises, public breakdowns in communication, and the aftermath of a bank run that jeopardized user trust. The discussion also sheds light on the contentious relationships within the crypto community and their implications for investors.

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