Crypto exchange FTX and its founder Sam Bankman-Fried were some of the crypto industry’s brightest stars. But that changed this week when FTX faced a liquidity crisis and froze customer withdrawals. Now regulators and investors are raising questions about financial practices at FTX and a sister firm, Alameda Research.
WSJ crypto reporter Vicky Ge Huang joins host Zoe Thomas to explain what happened and what it could mean for the wider market.
https://www.wsj.com/articles/crypto-exchange-binance-agrees-to-acquire-rival-ftx-11667924737?st=o689sm1qhxiujmb&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732?st=smf56upix8cqvgs&reflink=desktopwebshare_permalink
Photo: Dado Ruvic/Reuters
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