FTX Exchange’s Collapse Explained for Crypto Outsiders
Channel: That's All I Have To Say About That
Date: 2022-11-17

FTX Exchange is experiencing a modern day bank run with a Crypto paint job. Due to a lack of regulation, they are overleveraged in speculative investments. When the markets turned, they lost depositor money, triggering a bank run and insolvency. Here’s exactly what happened.