Last week saw FTX implode in a storm of allegations that culminated in bankruptcy.
The failure of the second-largest exchange and standard-bearer for the industry has left everyone asking: what next for crypto investors?
The fallout is ongoing, with customers nursing heavy losses, investigators circling and the industry teetering.
We delve into what caused the collapse and ask if it could bring down more crypto institutions. Could it even spread to the wider financial system?
And in today’s Dumb Question of the Week: What is a bank run?
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Disclaimer
This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice.
Copyright 2023 Many Happy Returns
