The FTX Collapse, Explained | What Went Wrong | WSJ

laatste update: 06-2023

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

30 gedachten over “The FTX Collapse, Explained | What Went Wrong | WSJ”

  1. FTX’s new CEO says he’s never seen “such a complete absence of trustworthy financial information…” in his career.

    So what’s next after FTX’s bankruptcy filing? WSJ breaks down the three key points around the largest crypto bankruptcy ever:

  2. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol

  3. oh of-course galaxy-brain-fart Theo Vonn was into it …. such a assuring person. guess his ceok-habit needs some financing

  4. Nothing went wrong on one side. The rich won and poor git screwed again. There's your story.

  5. from crypto to bank failure joe biden has you covered

  6. Why is this crook and his cocriminals not on the news. And what happened to these criminals.

  7. Heh heh heh die crypto economy. And die regular economy, too!

  8. Here we are again. Some people won't learn their lesson. Crypto is a cesspool for fraud. It sells you on a dream of big profits. That's typically the #1 RED FLAG of a scam! I cannot have pity of many of these people that lose out. They were warned, but they wanted to be stubborn.

  9. Isnt this what is happening with the banks right now with their fractional reserve BS?

  10. Bro was sitting on stage in his freaking undies and sleep T without even brushing his teeth from bed and all this celebrities are endorsing him.

  11. I'm glad I started cryptocurrencies back then because it was a game changer for me and was my best decision so far all thanks to the cryptocurrency world

  12. Why in the world is this disappeared from the media? Why not just stick him in prison with all of their crooks?

  13. Why not free him because he can be s movie star??? Look at Jesse Eisenberg. He will make like $20 million a movie and be more famous than Brad Pitt !!!!!

  14. This is sooooo hilarious! Hey; buy my pretend money! Nothing could go wrong. 🙄☺️🤣🤣🤣🤣🤣🤣🤣🤣🤣

  15. I've known it'd happen; Shouldn't trust a homeless looking guy with your money 😒

  16. Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

  17. When it comes to investing, we want our money to grow with the highest rate of return and the lowest risk possible. Mean while there are no shortcuts of getting rich, but there are smart ways to go about it. I’m grateful to God for leading me to the right platform who’s method are top notch and profitable.

  18. Our time had reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologise if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.

  19. Anyone that looks like bob Ross’s fan brish shouldn’t be taken seriously.

  20. he thought he would never get in trouble because if you do your research he made a rather "large" donation to the biden administration !!!!! connect the dots and we can bring down all these crooks

  21. You have faced many challenges and overcome many obstacles to complete this recovery task. Though the way was rocky and filled with difficulties, ADRIAN NOTCH you have done it very well. Good job and tons of best wishes.🎉

  22. You have faced many challenges and overcome many obstacles to complete this recovery task. Though the way was rocky and filled with difficulties, ADRIAN NOTCH you have done it very well. Good job and tons of best wishes.🎉

  23. Your explanation is realistic and straight to the point. l watch several video's on how to trade in the market but haven't made any headstart because they are either taIking some gibberish or sharing their story of how they made it. And l don't want to make mistakes by taking risks on my own

  24. I don't get it – I've read 50 or so articles on FTX and Bitcoin – all the promoters Shaq, Tom Brady and Gisele – then wife of Tom, and Curry, and others – all said to promote FTX and we hear of all they invested…but not one word…not one word…not one word in any cable news or print of how much each invested in their own money? Were they duped – or did they all get FTX shares or Bitcoin to do the advertising – so did they lose just what they were paid for promoting the firm – or did they invest to?? We never get the rest of the story. Makes you wonder the relationship of Tom and wife before FTX exposed to the World. The rest of the story please – who invested what?

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