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The collapse of the FTX exchange is one of the most destructive weeks that I've ever seen in this industry. As someone who was there when FTX first started, I think I'm in a position to offer some unique insights about what exactly went wrong. So hopefully by recounting the history of FTX we're able to take from it a few lessons as an industry to take forward so that we don't repeat these mistakes again. If you're personally lost your life savings or your job or your career because of this event, I hope that you find the means to stay in this Industry.

Last week was one of the darkest weeks for the crypto industry - the implosion of one of the largest crypto exchanges that no one saw coming. In this episode, Blockcrunch Host Jason Choi recounts the entire FTX saga all the way from FTX's 2019 beginnings to the aftermath of the implosion. Host: Jason Choi @mrjasonchoi . Not financial advice. ------------ Timestamps ------------- (00:00:00) – Introduction (00:01:30) – Alameda's Raise in 2019 (00:03:14) – Raising for FTX (00:06:13) – Becoming One of the Largest Exchanges (00:09:36) – Achieving Mainstream Awareness (00:11:21) – The Start of FTX's Collapse (00:14:27) – FTX's Implosion (00:23:08) – Hacked and Siphoning of Funds (00:24:31) – The Aftermath ----------- Sponsors ------------- dYdX is the Leading Decentralized Exchange for trading perpetual contracts. Users enjoy low fees, deep liquidity, up to 20x more buying power and even earn $DYDX from trading. Trade on dYdX today at: https://trade.dydx.exchange ----------- More Resources --------- Blockcrunch Blockcrunch VIP: https://blockcrunch.substack.com/ Blockcrunch Twitter: https://twitter.com/theBlockcrunch Jason Choi’s Twitter: https://twitter.com/mrjasonchoi ------------ Disclosures ------------- Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.