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Podcast: Who is Satoshi
Episode: 061 FTX Goes Bust
Description: Send us a textFTX, the 4th largest crypto exchange in the world, declares bankruptcy.We answer:Who is Sam Bankman-Fried?Why did the FTX token (FTT) crash?Was he sending FTX customer funds to his friends' investment group Alameda Research?Why do traditional banks receive government bailouts but not crypto banks?Will FTX's bankruptcy cause a chain of failures?And moreLatest information (released after recording):FTX halts withdraw of funds; however, residents of panama are legally allowed to withdraw funds. So, users are sending hundreds o...