The FTX Collapse, Explained | WSJ What Went Wrong

Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion. Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin What Went Wrong explores the challenging conditions and decisions that led to a company’s downturn. FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever: #WSJ #FTX #crypto